Fast Company: Michaels acquires Joann fabrics IP: Will it take over former stores too? Craft retail chain The Michaels Companies said on Thursday that it has acquired the beloved fabrics retailer Joann, which recently winded down operations and closed all of its stores after a second ... Michaels acquires Joann fabrics IP: Will it take over former stores too?

Understanding the Context

The Herald-Times: Missing Joann Fabrics? Michaels Arts and Crafts steps up to meet the demand 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 ... Missing Joann Fabrics?

Key Insights

Michaels Arts and Crafts steps up to meet the demand USA Today: Joann Fabrics making a comeback (kind of) with new section inside Michaels. What to know Joann Fabrics making a comeback (kind of) with new section inside Michaels. What to know