AMERICAS DISTRESS DAILY: Container Store Files for Bankruptcy

The Container Store Group Inc. has filed for bankruptcy to address mounting losses and a substantial debt load that has weighed on the chain.

The retailer, which sells closet organizers and storage bins, sought court protection Sunday in the Southern District of Texas, listing $243.1 million of secured debt, according to court documents.

In Other News:

• iLearningEngines voluntarily initiated Chapter 11 proceedings in Delaware bankruptcy court.

From Bloomberg Intelligence:

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