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Raz: The Container Store filed bankruptcy and was acquired for $150M
“Soon after, you know, we spoke, the Container Store, which you are not involved with at all anymore, but it announced it was filing for bankruptcy, and then I think a few months ago, it was actually acquired by
Buy Bed Bath & Beyond for about a hundred and fi…”
The Container Store Launched With Only $35,000 in Capital
“35,000 dollars was all we had to start with.”
Owen and Luke Wilson's Father Suggested Naming 'The Container Store'
“Yes he suggested probably 50 or 75 names. This was one of those. He was a good friend of John Mullen's, the father of his famous sons.”
The Container Store Avoided Outside Capital For Decades, Reinvesting Earnings
“We certainly didn't want to, you know, raise capital and add new investors, and we didn't do that for many decades. We generated a lot of earnings, and then we put that money back in the business. We just incrementally grew Totally financed by the earnings of …”
The Container Store's Original Display Shelving and Baskets Were for Sale
“Garrett sourced the shelving, which was actually the fixtures that all the products were sitting on. So, and the shopping baskets were also for sale. So we could literally sell the entire store all the way down to the fixtures if we wanted to.”