Purple board gets 3 new members courtesy of Coliseum Capital
Responding to concerns issued by its single largest shareholder, bedding resource Purple Innovation has expanded the size of its board from five directors to eight. …
Tag: Purple
Coliseum Capital rejects Purple’s special committee’s settlement proposal
In the latest news from Purple and its largest shareholders, Coliseum Capital, the firm has rejected a settlement proposal from Purple’s special committee of the …
Is Purple in trouble?
Purple’s recently announced Q4 2022 earnings decreased over 22%, which brings new light to the news that Purple’s largest shareholder, Coliseum Capital, is seeking to …
Coliseum Capital files lawsuit as Purple shareholder saga continues
Coliseum Capital, Purple Innovation’s largest shareholder, has filed a lawsuit to invalidate the company’s recently issued “Proportional Representation Preferred Link Stock,” saying it deprives shareholders of a “fair and democratic election of directors” during its 2023 annual meeting.
Coliseum Capital on the hunt for new directors for Purple board
Seeking to reverse the financial course of bedding resource Purple Innovation, the company’s largest shareholder is seeking to nominate five new directors for its seven-member board during the company’s 2023 annual meeting.
Is there a paradigm shift happening in the mattress industry?
Direct to consumer mattress brands have been around for nearly 10 years, but now they are realizing selling online isn’t enough. Will brick and mortar retailers buy in?
Purple releases preliminary estimated fiscal results
What’s happening: Purple Innovation, Inc. has announced preliminary estimated results for the fiscal year that ended December 31, 2022.
Two trends dominate mattress category at Las Vegas Market
Mattress exhibitors at Las Vegas Market came ready to do business, with dozens of manufacturers releasing new and innovative solutions that focus on helping the retailer sell more than just mattresses and sleep.
Purple unveiling health-conscious Restore line at Vegas market
Purple will introduce its Restore line — a collection for today’s health-conscious customer who recognizes the value of restorative sleep — at the Jan 29-Feb …
