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Container Store Shareholders to Sell Stocks

Majority stakeholders and company execs signal stock sales

Published

7 years ago

June 25, 2018

kmpeyton

Last week, insiders at The Container Store (Coppell, Texas) issued a registration statement to begin freely selling shares of the company’s stock.

The statement included Green Equity Investors (Los Angeles), a 56.5 percent stakeholder in the company, as well as three executives, including the retailer’s Chair and Co-Founder Kip Tindell (who owns 3.5 percent of the company), CEO Melissa Reiff (who owns 2.2 percent) and Chief Merchandising Officer Sharon Tindell (who owns 3.8 percent), according to the Dallas Morning News.

The company went public in 2013, about six years after a majority stake was purchased by Green Equity. Upon the initial public offering, its share value spiked to $36.20 per share, an $18 per share increase. Its stocks have taken a hit as a result of poor performance and less-than-expected sales, closing at $8.71 per share Thursday, June 21.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design