H Partners — the activist shareholder trying to give Tempur Sealy’s CEO the boot — has provided an outline of its vision for the bedding giant if it can persuade enough stockholders to back its plan next month.

The hedge fund, which owns around 10 per cent of Tempur Sealy’s stock, wants rid of Mark Sarvary and two other board members — former private equity owners who sold out some time before — to be replaced, believing the company to be underperforming for the bulk of shareholders.

It has released a 95 — ninety five! — page report outlining its reasons and hinting at what a post-Sarvary future might look like for the world’s biggest beds business.

Hinting is the most appropriate word because much of the report attacks the company’s performance under Mr Sarvary’s leadership and little is devoted to what it would do in his place, other than appointing a high-calibre replacement.

The full report is available via a specially created website at fixtempursealy.com.

However, we’ve picked out one slide we think particularly pertinent, which criticises what H Partners believes is Tempur Sealy’s lack of focus, saying that it has gone into too many tangential projects.

You can see the slide below.

The UK bed industry might not be too concerned if — as would seem likely — an H Partners’ influenced Tempur Sealy decided to pull out of the pet beds market, but it's interesting that it views retail — and the rising number of Tempur Sealy run stores — as a concern.