![]() Sleep Country's deep knowledge of the industry and innovative spirit make them the perfect partner to help us excel in this journey." "We are eager to enter the next phase of our growth story doing what we do best by expanding our product line and pushing the sleep industry 's boundaries for the benefit of customers around the world. "We founded Hush with the intent to disrupt and fuel innovation in the sleep space," said Lior Ohayon, Co-Founder of Hush. perfectly aligns with our growth roadmap as we explore opportunities in new markets with differentiated customer segments," added Schaefer. Their aggressive and dynamic direct-to-consumer model within Canada and the U.S. "We are impressed by the company's exceptional growth and highly engaged community and look forward to supporting their expansion with our market knowledge, infrastructure and logistics capabilities. "We are thrilled to welcome Hush into our portfolio of relevant brands, as we strategically work to expand our sleep assortment, diversify our omnichannel approach and bring a world-class experience to all customers in support of better tomorrows through better tonights," said Stewart Schaefer, President of Sleep Country Canada. With an emphasis on community-focused digital marketing, the company has rapidly attracted a loyal customer base. ![]() Hush 's weighted blanket continues to transform the sleep industry with its Iced Cooling technology, driving mass interest in new weighted technologies that support a good night's sleep. Within its first 24 months, the company launched one of the 10 most successful Kickstarter campaigns ever and earned "Most Epic Pitch" of the 2019 Dragons' Den season. Hush, a Canadian-based, direct-to-consumer sleep retailer specializing in weighted blankets, pillows, sheets, and now their recently launched bed-in-a-box mattresses, has quickly become a celebrated household name and one of Canada's fastest-growing digital retailers.įounded in 2017 by Lior Ohayon and Aaron Spivak ( Forbes 30 Under 30 selections and winners), Hush launched Canada 's beloved weighted blanket in 2018. ( "Sleep Country" or the "Company") (TSX: ZZZ), Canada 's leading omnichannel specialty sleep retailer, today announced that it is acquiring a majority share of Hush Blankets ( "Hush"). 19, 2021 /CNW/ - Sleep Country Canada Holdings Inc. “Joining forces with a best-in-class and trusted brand like Sleep Country means Hush will be able to rapidly scale, unlock attractive avenues for market expansion and revenue growth,” Spivak said in a news release Wednesday.TORONTO, Oct. In a news release, Sleep Country Canada said Hush’s Jewish entrepreneurs will stay on in their roles and Hush will continue to operate as a separate entity. Read The CJN’s story on how Hush Blankets’ founders give back to the community.Hush will continue to operate as a separate entity, and benefit from Sleep Country Canada’s national network. The company will buy the rest of Hush over the next few years. Now, Sleep Country is paying more than three times that much to take a controlling majority interest: $25 million. Hush earned $7.5 million the year the pair appeared on CBC’s Dragons’ Den in 2019. The blankets are supposed to lower anxiety and help children and adults with conditions such as Attention Deficit Disorder get a better night’s sleep. One founder spent time volunteering with children who have special needs. The two met while working on a program in Israel. The bed retailer bought the wildly successful Canadian start-up business Hush Blankets, which was launched by two Jewish friends from Thornhill, Ontario.Ĭo-founders Lior Ohayon and Aaron Spivak dreamed up the idea in 2017. But now they will own some blankets with Jewish soul. ![]() Sleep Country Canada already sells weighted blankets along with their mattresses. Aaron Spivak, left, and Lior Ohayon, the co-founders of Hush blankets, pose for a photo at their warehouse.
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