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The Container Store is filing Chapter 11 bankruptcy, but Elfa, Custom Spaces, Avera and Preston installations and TCS credit cards are still working.
The Container Store has four different lines at four different price points (and all closet organization systems are 25 percent off through October 11), but I went with the Elfa Decor line.
In 1999, The Container Store purchased one of its vendors, Elfa International. In 2021, it acquired Chicago's Closet Works and launched its premium, wood-based line Preston shortly thereafter.
The Container Store was founded in Dallas by Garrett Boone and John Mullen. With the backing of their families, they inaugurated the first The Container Store on July 1, 1978. The store introduced a new retailing category: home storage and organization. [2] [3] Kip Tindell and his wife joined the founding team the next year.
Elfa is a storage solution [buzzword] company that is headquartered in Malmö, Sweden. The company was founded in 1948 by the Swedish engineer Arne Lydmar. The Elfa corporate group consists of three manufacturing entities and seven sales companies in Europe. The group employs about 501 people and the turnover is approximately SEK 1 203 M (FY2019).
Swedish company ELFA, which distributes electronics components, instruments, tools, and books to business and private customers, was founded in 1945 by Arne Lydmar and Nils "Nisse" Jensen. As of 2006 it had 450 employees, and a turnaround of roughly SEK 845 million.
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