The chain's sales this year are expected by executives to reach$600 million. Management is opening its first Philadelphia-areastore this year, in Cherry Hill, NJ; and six new units are plannedfor 2008.
The Container Store's management first made it public inFebruary that it was looking for a private-equity buyer. TheLeonard Green deal was announcedlast month.
Los Angeles-based Leonard Green is a major private-equity playerin the retail industry. The firm has invested in such chains asNeiman Marcus, Petco and Sports Authority.
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