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Business Wire
9 months ago
The Container Store to Execute Comprehensive Recapitalization Transaction with Lender Support to Best Position the Company for Future Success
COPPELL, Texas--(BUSINESS WIRE)--The Container Store Group, Inc. (“The Container Store” or “the Company”), the nation's leading retailer of organizing solutions, custom spaces, and in-home services, today announced it will implement a recapitalization transaction to bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability. To effectuate the transaction, The Container Store and certain of its subsidiaries filed for voluntary protection under Chapter 11.