Michaels Buys Joann’s IP, Private Label Brands After Bankruptcy

June 5, 2025, 11:43 AM UTC

Michaels completed the acquisition of Joann’s intellectual property and private label brands after the crafts retailer filed its second bankruptcy earlier this year.

  • NOTE: Crafts Retailer Joann Files Second Bankruptcy in a Year (4)

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Ilya Banares in Toronto at ibanares@bloomberg.net

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Zachary Fleming at zfleming2@bloomberg.net

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