THE CONTAINER STORE FILES FOR CHAPTER 11 BANKRUPTCY
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✍️ The Container Store has filed for bankruptcy, joining other major retail chains like Party City, Big Lots, True Value, and Rite Aid, to restructure its debt and secure new financing.
👉 The Container Store has filed for Chapter 11 bankruptcy protection 👉 The company holds $230 million in debt and has $11.8 million in cash on hand 👉 The company is set to receive $40 million in new financing 👉 The news comes after similar announcements from other major retail chains
-- #BarryLitwin #ChrisKempa #business
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