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Women’s clothing retailer Free People is moving its Union Square store to a different spot within its building.
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Less than two months after emerging from bankruptcy, The Container Store’s top executive — CEO Satish Malhotra — has stepped down, according to an internal memo from board chair Joel Bines that was ...
The CEO of The Container Store is stepping down weeks after the company exited bankruptcy. In a memo obtained by BI, the board told employees Wednesday that chairman Joe Bines would lead a new ...
The Container Store Group CEO has stepped down after the company emerged from bankruptcy. Satish Malhotra has resigned from the Coppell-based company “to pursue other opportunities,” a move ...
The Container Store filed for bankruptcy in December, saying it had negotiated and solicited support for a prepackaged plan of reorganization and expected the entire process to take less than 35 days.
The total enterprise value of Container Store upon exiting bankruptcy is estimated to be between about $184 million and $216 million and will save approximately 3,800 jobs, the company said.
A U.S. bankruptcy judge on Friday approved the Container Store's bankruptcy restructuring, allowing the retailer to cut $88 million in debt.
The Container Store, which operates locations at the Gallery at Westbury Plaza in Uniondale and the Huntington Shopping Center along with about 100 others nationwide, has filed for bankruptcy.