Brief: Purple Innovation Announces Consolidation Of Manufacturing Operations To Accelerate Growth

Purple Innovation

22/08/2024 22:28

Aug 22 (Reuters) - Purple Innovation Inc  PRPL.O :
    * PURPLE INNOVATION ANNOUNCES CONSOLIDATION OF MANUFACTURING
OPERATIONS TO ACCELERATE GROWTH
    * PURPLE INNOVATION INC: ACTIONS WILL EXPEDITE GRID
INNOVATION AND
DELIVER COST SYNERGIES
    * PURPLE INNOVATION INC: ANTICIPATED TO GENERATE $15 TO $20
MILLION IN EBITDA BENEFIT IN 2025
    * PURPLE INNOVATION: CONSOLIDATION OF MATTRESS PRODUCTION
OPERS
INTO MCDONOUGH, GEORGIA FACILITY
    * PURPLE INNOVATION: CLOSURE OF TWO MANUFACTURING FACILITIES
IN
SALT LAKE CITY AND GRANTSVILLE, UTAH
    * PURPLE INNOVATION: CLOSURE OF UTAH MANUFACTURING
FACILITIES TO
BE COMPLETED DURING Q1 2025
    * PURPLE INNOVATION INC: PLANS TO REDUCE A NUMBER OF
POSITIONS AT
CORPORATE LEVEL
    * PURPLE INNOVATION INC: TO INCUR RESTRUCTURING COSTS OF $35
TO
$45 MILLION, BEGINNING IN Q3 OF 2024 THROUGH Q2 OF 2025

Source text for Eikon:  ID:nPn12GCT9a 
Further company coverage:  PRPL.O 

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