SYDNEY — Iconic Australian mattress manufacturer A.H. Beard Limited has collapsed into voluntary administration, leaving approximately 40 employees without jobs and marking the end of a family-owned business that operated for more than 125 years in the competitive bedding industry.
The company, known for producing high-quality mattresses under brands including A.H. Beard and its luxury lines, appointed administrators from BDO on Wednesday after struggling with rising costs, intense competition from imported products and softening consumer demand in a challenging economic environment.
Administrators confirmed that trading has ceased immediately at the…