Chicago, November 6Reuters)-U. S.
According to court documents, mattress discount store, a bedding retailer, was granted bankruptcy court permission to give up sponsorship of the Washington national baseball team.
The company filed for bankruptcy protection for the second time since September in 2002 and was approved by US judge Thomas catalita on MondayS.
The bankruptcy court in Greenbelt, Maryland terminated the agreement signed on January. 1. In its Oct.
The mattress discount store\'s motion called the agreement \"heavy\" and said that since the national baseball season was over, the agreement would not be of any benefit to the company.
According to court documents, the mattress discount store did not disclose the details of the contract on the grounds of confidential terms.
However, on marl Road, Maryland --
The US-based company said it started in April and is scheduled to end in October, and the company paid the baseball team \"certain sponsorship opportunities\" this month at the club\'s home baseball stadium, according to court documents.
According to court documents, Catliota ruled that the transaction could be terminated on the date the motion was filed on October.
Mattress discount stores had previously said in bankruptcy applications in September that they were affected by the industry downturn and economic weakness.
In the first half of 2008, the mattress discount store earned about $49 million, which is famous in its market for the slogan \"wish us a good night\'s sleep. According to court documents, the net loss was approximately $8 million.
Its revenue last year was about $0. 122 billion and its net loss was about $3 million. When the 30-year-
The old company filed for bankruptcy and ran 140 stores in six U. S. states. S.
Northeast, down from 240 before the first submission in 2002.
Last year, Texas bought a mattress discount store.
The mattress company closed down.
The reorganization of the mattress discount store included a plan to withdraw from the New England region, which has 50 stores and lost about $2 as of August. 9 million.
It said before that it wanted to focus on the medium term again.
In the Atlantic region, it had 90 stores when it filed for bankruptcy.
National officials could not be reached immediately for comment. (
Ben Clement reports, editor Matthew Lewis)
