Analysts at StockNews.com began coverage on shares of The Container Store Group (NYSE:TCS – Get Free Report) in a report issued on Sunday. The firm set a “hold” rating on the specialty retailer’s ...
[Update from Dec. 27, 2024] The Container Store filed for Chapter 11 bankruptcy on Dec. 22 to facilitate a recapitalization effort aimed at bolstering its finances. The company said in a statement ...
Elfa, the company’s business in Sweden, is not part of the Chapter 11 process. Founded in 1978, The Container Store sells more than 10,000 home organization products, such as storage bins and ...
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.
Despite these challenges, The Container Store remains committed to its mission of helping customers organize their lives and homes. The company’s Sweden-based Elfa brand, described as a “premium ...
The bankruptcy does not affect or include its Elfa business in Sweden. The Container Store will remain open and fully functioning for both online and in-person shopping. Customers should expect no ...
While The Container Store's U.S. operations are under bankruptcy protection, its Sweden-based Elfa brand-a premium customizable storage system-has been excluded from the filing. This division remains ...