Joann to close all its fabric and craft stores amid bankruptcy
Joann has announced its plans to shut down all its fabric and craft stores following a bankruptcy filing in January. In a statement released on Sunday, the company confirmed that GA Group, along with the Prepetition Term Loan Agent, has been chosen as the winning bidder to acquire nearly all of Joann's assets.
Fabrics and crafts retailer Joann, which has been a destination for generations of quilters, knitters and lovers of crafts projects for more than 80 years, is going out of business and shuttering all ...
The announcement comes after Joann filed for Chapter 11 bankruptcy protection in January, the second time in a year. At the time it vowed it would keep all stores open.
Joann has a new owner. An exec representing the winning bidder said ownership will work to assist employees, keep most stores ...
An auction conducted Friday and Saturday has produced a buyer for the JoAnn Fabrics craft retail stories, including that in ...
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