Michaels is snapping up Joann Fabrics’ intellectual property and fan-favorite labels after the former cult-favorite retail darling’s bankruptcy disaster
Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels. The Michaels Companies announced on Thursday that it had completed its purchase of Joann’s intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts and crafting chain works to expand its own fabric, sewing … Read more
