Fabric and craft retailer Joann shut its doors for good in February 2025 after filing for Chapter 11 bankruptcy twice within a year. By the end of May 2025, Joann closed approximately 800 stores in ...
Michaels has purchased the intellectual property and private label brands of Joann, including Big Twist, after the latter closed all stores due to bankruptcy. Michaels will expand its offerings with ...
(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.
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