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 acquired JOANN's intellectual property and private label brands, and will carry products from now-closed JOANN stores. This includes the popular JOANN brand Big Twist yarn, a cult-favorite ...

(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.

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 ...

Michaels has acquired craft and fabric retailer Joann's intellectual property and private label brands, including its popular Big Twist yarns, the company announced this week. Michaels announced the ...

Joann stores will not reopen, but the company’s intellectual property and private-label brands have been acquired by a different retailer. PAUL VIDELA [email protected] Michaels acquired Joann's ...