Jennifer Convertibles Inc. is the owner and licensor of sofabed and leather specialty retail stores in the United States, with stores located throughout the Eastern seaboard, in the Midwest, on the West Coast and in the Southwest. The company was founded in 1975 and is based in Woodbury, New York. On July 19, 2010, the company announced that it had filed for bankruptcy as a consequence of 'substantial losses'. According to Furniture Today the company was number 48 among furniture retailers with US$114 million in sales for the year ending August 29, 2009. It subsequently emerged from Chapter 11 under the control of its major supplier, the Haining Mengnu Group. As of August 26, 2006, the Company's stores included 175 Jennifer Convertibles stores and 16 Jennifer Leather stores. Of these 191 stores, the Company owned 167 and licensed 24, including 23 owned and operated by a related private company and one owned by other third parties operated by the private company.
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