Shares in Eve Sleep, an online mattress retailer, have been frozen because of a possible merger with a loss-making private rival.
Eve Sleep, which has lost 95 per cent of its value since it was floated in 2017, believes that an acquisition of Simba Sleep could speed up a restructuring plan and improve its chances of making a profit from selling directly to consumers.
Shares in Eve Sleep, an online mattress retailer, have been frozen because of a possible merger with a loss-making private rival.
Eve Sleep, which has lost 95 per cent of its value since it was floated in 2017, believes that an acquisition of Simba Sleep could speed up a restructuring plan and improve its chances of making a profit from selling directly to consumers.
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