Hunton Andrews Kurth LLP advised The Container Store Group, Inc. (The Container Store) in connection with its successful reorganization, which eliminated approximately $88 million and provided $40 million in new financing through a Chapter 11 bankruptcy filed in the Bankruptcy Court for the Southern District of Texas on December 22, 2024. Hunton also led an investigation by an independent subcommittee of the Board as part of the restructuring. Through its prepackaged plan, approved by the Court on January 24, 2025, The Container Store will recapitalize to strengthen its financial position, support growth initiatives and promote long-term profitability. Under the plan, The Container Store will become a private company through a debt-for-equity swap with the Company’s prepetition term loan lenders. The company’s other creditors, such as its vendors and trade partners, were unaffected and unimpaired by the case. The Container Store emerged from Chapter 11 on January 28, 2025.

The Container Store specializes in custom spaces, organizing solutions and in-home services, crafted to impact customers through the power of organization. Founded in 1978, the retailer has more than 100 locations nationwide with a flagship online store. It offers more than 10,000 products and a portfolio of custom space solutions that can be tailored to fit any area of the home.

The Hunton team advising The Container Store is led by partners Tad Davidson, Ashley Harper, Brian Clarke and Joe Rovira, with associates Philip Guffy, Kaleb Bailey, Brandon Bell, Ross Rubin and Catherine Rankin. Hunton is co-counsel with Latham & Watkins LLP.