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REUTERS/Philippe Wojazer PARIS French voters cast their ballots on Sunday in the first round of a parliamentary election expected to give centrist President Emmanuel Macron the strong majority needed to carry out the far-reaching economic and social reforms he promises. The vote to elect the lower house's 577 members comes a month after Macron, a 39-year-old former banker with little political experience, defied the odds to win the presidency of the euro zone's second-largest economy. If, as polls project, Macron and his fledgling party win a commanding majority in next week's second round, it will be another blow for the mainstream parties on the right and left which failed to get a candidate into the presidential run-off. "We want a big majority to be able to act and transform France over the next five years," Mounir Mahjoubi, a tech entrepreneur running under Macron's Republic On The Move (LREM) banner told Reuters as he canvassed support in his northern Paris constituency ahead of the vote. Opinion polls forecast LREM and its center-right Modem allies will win at least 30 percent of votes on Sunday. The conservative The Republicans party and its allies trail with about 20 percent, ahead of the far-right National Front on about 17 percent. Such an outcome would transform into a landslide majority in the second round, the opinion polls show. "I think voters are pretty mobilized behind LREM," said Georges Garion, a 64-year-old company manager, before voting began in Paris. "We're seeing a kind of majority cohesion, it's democracy at work." While predicting the outcome can be tricky with 7,882 candidates vying for parliament's seats, even LREM's rivals have been saying they expect Macron to secure a majority.
Sherwood is the fifth largest mattress manufacturer in the U.S. The partnership between the two companies represents the first U.S. mattress manufacturing investment by Steinhoff International. “With their deep industry experience, we will focus on accelerating our growth plans and further integrating vertically into raw materials.” Steinhoff, an integrated retailer that manufactures, sources and sells furniture, household goods and clothing in Europe, Africa and Australasia, announced in September the completion of an agreement to acquire Mattress Firm, the largest mattress retailer in the U.S. The investment in Sherwood marks an expansion of the Company’s North American operations in the mattress category, specifically in their manufacturing division. Sherwood, a third-generation independently owned bedding manufacturer, operates four manufacturing facilities across the U.S., with plans to open more in the Northeast and Northwest, and serves as a manufacturing partner for several leading retailers. “We are extremely excited to partner with Steinhoff to continue to grow our mattress business,” said Neil Ellman, co-president of Sherwood. “With their deep industry experience, we will focus on accelerating our growth plans and further integrating vertically into raw materials.” Lance Ellman, co-president of Sherwood added, “This was an opportunity to take on a partner that will work with Sherwood and our management team to expand for the future. Existing management along with Neil and I will continue to operate the business and we are excited about the long-term growth of the company. Steinhoff brings a worldwide network of suppliers to the table.
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