Steinhoff holds a 50% stake in Mattress Firm, which is touted as the US's leading speciality bedding retailer. However, much like shareholder Steinhoff, the Mattress Firm has seen its share of financial woes in the last few years. In 2018 – just two years after Steinhoff bought its share of the business for more than $3.8 billion – the bed store battled huge debt and subsequently filed for Chapter 11 bankruptcy protection. This saw the company reduce its store count significantly from 3 200 to 2 600 stores.