Eve Sleep issues profit warning as Simba merger talks collapse
Mattress in a box specialist Eve Sleep has issued a profit warning and canned talks over a proposed merger with rival Simba.
The retailer said that its 2019 revenues are likely to be “in the range of £25m-£27m”, which in turn would ”have some flow through to the EBITDA loss”.
It blamed this on a number of factors, including economic uncertainty and heavy discounting.
Eve Sleep also confirmed that discussions over its mooted merger with fellow mattress specialist Simba which were reported in August have since ended.
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