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 ...

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, ...

After filing for Chapter 11 bankruptcy and having its remaining assets sold, Joann Fabrics closed all 800 of its craft stores early this year, including locations in Reno, Carson City and Elko. Now, ...

Michaels now owns Joann - literally. The craft giant cashed in on the demise of Joann, formerly known as Jo-Ann Fabrics, in a recent purchase of its intellectual property and private-label brands. The ...

(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.

NEW YORK (AP) — 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 ...

Michaels is launching "The Knit & Sew Shop," which will feature Joann's branding and private-label products. The new shop-in-shop concept will offer an expanded selection of fabric, yarn and sewing ...

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 ...

Fans of Joann have one last chance to grab fistfuls of fabric, yarn, and other critical sewing supplies before the ill-fated retailer closes for good—but time is running out. The beloved brand, which ...