Latest news with #SatishMalhotra
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
PAMEX 2026 Gears Up for Largest Edition with 300+ Brands
PAMEX 2026, the country's premier exhibition for printing and packaging, has achieved a significant milestone by surpassing 15,000 square meters of confirmed bookings and securing participation from over 300 companies—well ahead of its event dates from 27–30 January 2026 at the Bombay Exhibition Centre, Mumbai. Jointly organised by the All India Federation of Master Printers (AIFMP) and Pvt. Ltd., PAMEX continues to attract unprecedented industry interest, cementing its status as a flagship event for innovation, business networking, and sector-wide transformation. 'PAMEX has evolved into a powerhouse platform that truly reflects the aspirations and capabilities of India's printing sector,' said Mr. Satish Malhotra, President, AIFMP. 'This response highlights India's growing influence in the global print narrative.' In recognition of its sectoral impact, PAMEX Expo recently received the 'Star in Industry Promotion' award at the Exhibition Excellence Awards 2025, applauding its role in empowering India's printing ecosystem through knowledge-sharing and strategic showcases. PAMEX 2026 will feature the latest advancements across: Printing machinery Labels and signage Flexible and corrugated packaging Paper converting Textile printing Allied segments With a larger layout and a thoughtfully curated mix of exhibitors, the show promises a technology-forward and visitor-centric experience. One major exhibition hall is already sold out, underscoring the scale and anticipation for this edition. Sustainability is set to take center stage at PAMEX 2026, as India's print and packaging sector increasingly embraces eco-conscious production, green technologies, and circular practices. The event aims to act as a catalyst for responsible transformation, aligning business with climate-conscious goals.
Fashion Value Chain
16-05-2025
- Business
- Fashion Value Chain
Bharat Print Expo 2026 Heads to Chennai with Bigger Vision
After a spectacular debut in Bengaluru, Bharat Print Expo is now heading to Chennai, with its 2026 edition scheduled from April 27–29 at the Chennai Trade Centre. Organised by the All India Federation of Master Printers (AIFMP) in association with ReEnvision Events Pvt. Ltd., the event is gearing up to be the biggest convergence of South India's print and packaging industry. This next chapter promises to bring together commercial printers, packaging professionals, label specialists, corrugated box manufacturers, signage experts, graphic designers, and brand owners under one expansive roof. 'Chennai 2026 will be a grander, more inclusive platform that builds on the incredible momentum we witnessed in Bengaluru,' said Anil Arora, Director, ReEnvision Events. What to Expect in Chennai The upcoming edition will feature: Offset, Screen, and Digital Printing Technologies Label Presses and Package Converting Machines 3D Printers and Corrugated Box Solutions Textile & Wide Format Printers Prepress & Postpress Tools Inks, Consumables, and Automation Software This future-focused display will offer solutions that cater to every facet of the print industry, including textile and signage sectors, making it a truly holistic and tech-laden experience. 'Bharat Print Expo has become a landmark initiative in energising South India's print industry,' said Satish Malhotra, President, AIFMP & Chairman, Bharat Print Expo. 'Chennai is full of talent and potential — and we're excited to take this platform to the next level.' With a focus on innovation, enterprise, and end-to-end industry engagement, Bharat Print Expo 2026 aims to deliver greater business outcomes and deeper connections for all participants.
Yahoo
23-04-2025
- Business
- Yahoo
The Container Store lays off 2% of workforce, pauses capital projects
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. The Container Store this week cut 2% of its workforce, affecting fewer than 70 people, mostly in corporate positions. Roles include tech positions and some store operations, an effort to streamline the reporting structure, a company spokesperson said by phone. Last month Satish Malhotra resigned as CEO, and has been replaced by an office of the chief executive officer run by board chair Joel Bines and Chief Commercial Officer Martin Schumacher. The retailer is also pausing capital projects as it works on a rebound from bankruptcy, the company said Monday. The Container Store filed under Chapter 11 at the end of December and exited about a month later with nearly $88 million less in debt. As it reported falling sales for several quarters in the last couple of years, when it was still a public company, the Container Store often noted soft consumer demand. Tariffs are expected to undermine demand for discretionary items further, and it's not clear how affected the retailer is on the supply side. In general, 'companies that generate sales and profits from a more discretionary offering which can be delayed in this environment' are among the 'have-nots' when it comes to tariffs, according to a Monday research note from Telsey Advisory Group analysts led by Dana Telsey. Those include home-related retailers as well as department stores and luxury brands, Telsey said. Still, The Container Store is soldiering on, as it did during its relatively brief bankruptcy process. Stores and its website remained open and vendors and other creditors were paid in full. Operations remain in focus, and that priority is reflected in the company's new leadership. Bines and Schumacher specialized in distressed retail transformations at AlixPartners. Bines also led the retail practice there for nearly 20 years, after a decade in operational roles. Correction: This story has been updated to clarify that the majority of The Container Store's layoffs affected its corporate workforce. Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
The Container Store Successfully Completes Financial Restructuring
Emerges from Chapter 11 Process with Bolstered Capital Structure, Well Positioned for Growth Company to Continue to Provide High-Quality Custom Spaces, Organizing Solutions, and In-Home Services to Customers COPPELL, Texas, January 28, 2025--(BUSINESS WIRE)--The Container Store Group, Inc. ("The Container Store" or "the Company"), the nation's leading retailer of organizing solutions, custom spaces, and in-home services, today announced that the Company has successfully completed its financial restructuring process and emerged from Chapter 11 bankruptcy protection. The Company has implemented its Plan of Reorganization, confirmed by the U.S. Bankruptcy Court on January 24, 2025. The Company achieved the objectives it set for this process, including refinancing short-term debt, significantly reducing previous long-term debt obligations, accessing $40 million in new financing, and modifying its asset-backed lending facility to add $40 million in upsized capacity. Additionally, the Company continued to operate as usual, meeting its obligations to vendors, employees, and customers throughout the process. The Container Store is now a private company, under the ownership of its supportive lenders, with a healthier balance sheet that positions the Company for profitable growth. "This is a new chapter in our journey as a healthier company well positioned to drive strategic growth initiatives forward. With our restructuring process now behind us, we have renewed energy and excitement to deliver for our customers," said Satish Malhotra, Chief Executive Officer and President of The Container Store. "We are focused on optimizing our business, enhancing our portfolio of organizing solutions and services, and continuously improving the customer experience. I am grateful to our employees and vendor partners for their dedication throughout this process, to our valued customers for their support, and to our new owners for their belief in our business." The Container Store has created a dedicated website for stakeholders to get information at Additional information on the Company's Chapter 11 case can be found at or contact Verita, the Company's noticing and claims agent, at (888) 251-3046 (for toll-free U.S. and Canada calls) or (310) 751-2615 (for tolled international calls). The Container Store was advised in this matter by Latham & Watkins LLP and Hunton Andrews Kurth LLP as legal counsel, Houlihan Lokey as investment banker, FTI Consulting as financial and communications advisor, and A&G Realty as real estate advisor. The ad hoc group of the Company's Term Loan Lenders were advised in this matter by Paul Hastings LLP, Greenhill & Co. as investment banker, and AlixPartners as financial advisor. About The Container Store Founded in 1978, The Container Store Group, Inc. is the nation's only retailer with a solution-oriented offering of custom spaces, organizing solutions, and in-home services, designed to transform lives through the power of organization. With more than 100 locations nationwide and a flagship online store, the retailer offers an exclusive portfolio of custom space lines that can be designed for any area of the home, and more than 10,000 products to complete any space. Visit for more information about complementary Custom Spaces in-home or in-store design, in-home organizing, products, store locations, trade program, and business to business opportunities. Follow The Container Store on Facebook, X, Instagram, TikTok, YouTube, Pinterest and LinkedIn. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding the strength of the Company's business, long-term profitability, advancing the Company's strategy and potential future growth. These forward-looking statements are based on management's current expectations. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, risks related to our indebtedness may restrict our current and future operations, and we may not be able to comply with the covenants in our credit facilities; there is substantial doubt regarding our ability to continue as a going concern; and the other important factors discussed under the caption "Risk Factors" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission, (the "SEC") on May 28, 2024, as updated by our Quarterly Reports on Form 10-Q for the fiscal quarter ended September 28, 2024, filed with the SEC on October 30, 2024 and our other filings with the SEC. These factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. These forward-looking statements should not be relied upon as representing our views as of any date subsequent to the date of this press release. View source version on Contacts Media: The Container Store Group, Rachel Chesley / Rachel RosenblattContainerStoreSC@ Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Exclusive: The Container Store emerges from Chapter 11 bankruptcy
The Container Store is back from bankruptcy. The struggling home goods emerged from Chapter 11 bankruptcy on Tuesday, Yahoo Finance learned exclusively. In a release, the company said it "achieved the objectives it set for this process" in late December. That includes refinancing its short-term debt, reducing "previous long-term debt obligations," gaining access to $40 million in new money financing, and "modifying its asset-backed lending facility to add $40 million in upsized capacity." Throughout the process, the business operated as usual across stores, online, and in-home services. It was also able to "[meet] its obligations to vendors, employees and customers." No employees were let go, but the company did close down two stores since the bankruptcy filing. The closings were separate from the bankruptcy process. Formerly under the ticker TCSG, the company is now private after the restructuring process. For the quarter ended Sept. 28, 2024, The Container Store listed total liabilities of $836.4 million against $969 million in total assets. CEO Satish Malhotra — a former Sephora executive who took the top job in 2021 — called this a "new chapter" for the 46-year-old company, adding that it has a "healthier balance sheet that positions the company for profitable growth." It has been unprofitable for the past two fiscal years, with losses tallying about $10 million for the fiscal year ended Sept. 28, 2024. The bankruptcy did not include the company's Elfa home goods business in Sweden. The company operates 102 stores across 34 states. But it couldn't keep up with competition from Walmart (WMT), Amazon (AMZN), and Target (TGT) as a frenzy of demand from shoppers renovating their homes during COVID-19 passed. The company is among a string of retailers falling into bankruptcy, including Party City and Joann, which filed its second bankruptcy earlier this week. Big Lots also announced plans to close entirely at the end of last year. In a note ahead of the Container Stores' last earnings results as a public company, JPMorgan analyst Christopher Horvers said its results were "plagued by continued macro headwinds delaying a return to growth for the category." He added that the company "has yet to see green shoots" as consumers stocked up during COVID and said he expected "an increasingly promotional environment and event-driven consumer." Now, the company has "renewed energy and excitement to deliver for our customers,' Malhotra said in a statement about plans to optimize the business and enhance its offerings and the customer experience. — Brooke DiPalma is a senior reporter for Yahoo Finance. Follow her on Twitter at @BrookeDiPalma or email her at bdipalma@ Click here for all of the latest retail stock news and events to better inform your investing strategy Sign in to access your portfolio
