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Michaels acquires Joann's brands, welcomes former customers
IRVING, Texas — Craft retailer Michaels announced Thursday it has acquired the intellectual property and private label brands of Joann Inc., the competing fabric and craft company that filed for bankruptcy in January and has since closed all of its more than 800 U.S. stores.
Michaels says it has acquired Joann's intellectual property and brands. Bankruptcy filings show it has also assumed former ...
Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels. The Michaels Companies ...
Michaels is expanding its fabric and yarn lines after acquiring Joann’s private brands. Here’s what customers can expect.
Michaels says that it plans to expand its fabric, sewing and yarn assortment by adding over 600 products across new and ...
Michaels is jumping into the void left by the collapse of Joann, announcing Thursday that it’s buying the fabric retailer’s private label and drastically expanding its sewing selection. In a ...
In its most recent bankruptcy filing, the company cited inventory issues as a big reason for pursuing Chapter 11 protection.
The move comes amid growing interest in fabrics and sewing at Michael’s, but it’s not clear what it means for the Joann brand ...
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