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Kingaru has just announced they have signed a joint venture to start selling Kingaru Mattresses in Belgium, Netherlands and Spain. This joint ventures allows them to explore new markets and offer European’s the best sleep possible and this in a few weeks from now.
Kingaru is a sleep company operating in Asia that launched in 2017 with one perfect mattress sold directly to consumers — eliminating commission-driven, inflated prices.
Dieter Vernimmen is taking on this new challenge. Dieter has a broad experience in a variety of management positions and successfully sold his previous company.
“It’s a please finally doing business again with Sven” he added. We know each other since 16 years and finally the time has come to do something together again.
Kingaru didn’t disclose how much capital or investment was involved in this deal. Its sleep quality was developed in-house, has a modern design, and is delivered in a box. The companies mattress was crowned one of Retail Asia’s Best Product Inventions of 2017. Production is scheduled to start early April. We wil keep following them.