Major update in bankruptcy of Home Depot rival
Major update in bankruptcy of Home Depot rival
The Container Store has emerged from Chapter 11 bankruptcy. The Home Depot rival filed for bankruptcy protection in Texas last month after falling into $836.4 million of debt. The home goods chain received a boost from Marie Kondo's hit Netflix show 'Tidying Up' during the Covid-19 pandemic, but then became weighed down by mounting losses in recent years. However, on Tuesday the company said it was exiting bankruptcy after achieving 'the objectives it set for this process.
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