Online retail

Eve Sleep issues profit warning as Simba merger talks collapse

By 2019-09-20T06:20:00

Eve Sleep bedframe

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.

Subscription content

Please sign in now if you have a subscription

Retail Week

Register to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • 3 free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.