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The Container Store is back from bankruptcy with plans to deliver profitable growth. ... 2025 at 2:04 PM. ... The bankruptcy did not include the company’s Elfa home goods business in Sweden. The ...
The Container Store is filing Chapter 11 bankruptcy, but Elfa, Custom Spaces, Avera and Preston installations and TCS credit cards are still working.
In 1999, The Container Store purchased one of its vendors, Elfa International. In 2021, it acquired Chicago's Closet Works and launched its premium, wood-based line Preston shortly thereafter.
A fall from grace. Founded in 1978, The Container Store went public on Nov. 1, 2013, pricing its initial public offering at $525 per share. By the close of trading that day, shares closed at $543.
The Container Store was founded in Dallas by Garrett Boone and John Mullen. With the backing of their families, they inaugurated the first The Container Store on July 1, 1978. The store introduced a new retailing category: home storage and organization. [2] [3] Kip Tindell and his wife joined the founding team the next year.
Elfa is a storage solution [buzzword] company that is headquartered in Malmö, Sweden. The company was founded in 1948 by the Swedish engineer Arne Lydmar. The Elfa corporate group consists of three manufacturing entities and seven sales companies in Europe. The group employs about 501 people and the turnover is approximately SEK 1 203 M (FY2019).
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