Tim Glaze
Container Store Southlake
The Container Store, which has a location in Southlake Town Square, announced in December that it will file for Chapter 11 Bankruptcy while implementing "a recapitalization transaction to bolster its financial position, fuel growth initiatives, and drive enhanced long-term profitability."
Business will run as usual at all The Container Store locations, including the one in Southlake, per the company press release.
"The Container Store is here to stay," said Satish Malhotra, The Container Store Chief Executive Officer and President. "Our strategy is sound, and we believe the steps we are taking today will allow us to continue to advance our business, deepen customer relationships, expand our reach, and strengthen our capabilities. We intend to maintain our strong workforce and remain committed to delivering an exceptional experience for our customers while we execute this recapitalization and for many years to come."
Detailed information for The Container Store stakeholders can be found here.
The Southlake location is at 1200 Main Street in Town Center, at the corner of Main Street and Carroll Avenue. Business hours are 10 a.m. to 8 p.m. Monday through Saturday, and 11 a.m. to 6 p.m. on Sunday.