Bed manufacturer Dura Beds has confirmed that it has terminated its licencing agreement with Mammoth.
Last month, Dura Beds acquired the UK licence for Mammoth beds, mattresses and bedding. Under the agreement, Dura Beds were to take on the manufacturing of Mammoth’s flagship Comfort collection and its Performance collection.
However, due to a breach in the terms of the licence agreement Dura Beds has terminated the acquisition with immediate effect.
A company spokesperson said in a statement: “Dura Beds Ltd had sought to secure an exclusive licence with Blue Dragon Assets to supply Mammoth branded mattresses into the UK market place.
“It has become apparent to the directors of Dura Beds that this is not the case and other licences are active in the UK territory. As such there is a material breach in the licence. This material breach is not remediable.
“In light of this the directors of Dura beds have terminated the Licence Agreement with immediate effect.”