Malouf Announces Change to Benefit Corporation
Sleep. You need it, I need it, everyone needs it. We’re all doing what we can to get quality rest, but there are a few items that can make those precious hours of sleep even better. Sam and Kacie Malouf saw the need for next level sleeping and dove in head first with high quality, artisanal bedding combined with cutting edge technology in their foams and bed frames. Since their beginning, Malouf has grown from a two person hustle to a thriving company with over 450 employees and an array of products that help their customers get a luxury sleep experience personalized for them.
Headquartered in Logan, Utah, Malouf is much more than a bedding company. While their primary goal is to help people get better sleep, Sam and Kacie have used their business as a platform for giving. When tragedies like natural disasters happen, people still need to sleep, so the Malouf Foundation comes in with donations to help those in need. In addition, the Malouf Foundation fights sex trafficking and exploitation of children by funding rescue missions, donating bedding for aftercare centers, and providing educational and employment opportunities for survivors.
Environmental impact has always been important to Malouf, and one look at their Logan headquarters shows it. The building is run by solar panels, there’s a scratch kitchen where food is grown right on site, and they’re working toward a zero-waste footprint. Malouf products use materials like rayon made from bamboo, and the shipping containers are designed to leave the smallest footprint possible. Malouf fosters an environment of helping, giving, and consciousness, which helps their employees and customers understand the mission of the company.
Recently, Malouf became a Benefit Corporation, meaning they have committed to a higher standard of purpose, with transparency and accountability in every aspect. Aside from creating revenue by selling great sleep products, Malouf has a new "triple bottom line: planet, people, profits."
"Sustainability is important to us, and giving back to the community is a key part of our culture," said Malouf CEO Sam Malouf. "We care about our customers, we care about the environment, and we care about our community. When considering these values, becoming a benefit corporation was a natural next step for our company - one that will promote substantial growth moving forward."
Becoming a Benefit Corporation hasn’t changed the way Malouf does business - they’re still working hard, combing the globe for the best Egyptian cotton and the softest eco-friendly pillows - but this change enhances their already people-first business. "We know good business comes from good people. That's why we work every day to keep getting better." (Sam Malouf, CEO)
To learn more about Malouf and their Benefit Corporation announcement, visit https://www.maloufsleep.com/impact/.