Serta Will Stop Selling Donald Trump Mattress Line in Latest Defection

The move comes after the presidential candidate made disparaging comments about Mexican immigrants.

(Bloomberg) -- Billionaire television personality and business executive Donald Trump formally announces his entry into the Republican presidential campaign, saying that the U.S. has become "a dumping ground for other people's problems." Trump speaks to supporters at Trump Tower, one of his trophy properties in New York. (Source: Bloomberg)

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Serta, the largest U.S. mattress manufacturer, will end its business relationship with Donald Trump after he made disparaging comments about Mexican immigrants.

The company, which sells Trump Home-branded mattresses, won’t renew its licensing agreement with the billionaire presidential candidate when it expires at the end of the year, according to an e-mailed statement.