Michaels announced it has acquired the intellectual property and private label brands of former competitor Joann. The arts and crafts store said it's planning a "significant expansion of fabric, ...

Michaels has acquired the intellectual property and private label brands of Joann Fabrics, which recently declared bankruptcy. This acquisition includes popular Joann brands like Big Twist and expands ...

Joann craft stores closed all locations after filing for bankruptcy twice in one year. Michaels purchased Joann's intellectual property and private label brands. Michaels will expand its fabric and ...

I'm still not over the closing of JOANN stores. Even though I stocked up at the going-out-of-business sales, I guard my fabric stash with my life. JOANN stores might be gone, but they're not forgotten ...