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 has purchased the intellectual property and private label brands of Joann, including Big Twist, after the latter closed all stores due to bankruptcy. Michaels will expand its offerings with ...

Joann and Party City are living on through a former competitor – Michaels. The arts and crafts retailer has announced the debut of two new in-store concepts: The Knit & Sew Shop and The Party Shop.

MILFORD — On a quiet afternoon, shoppers at fabric and craft store Joann unspooled fabrics and picked out the perfect colors of threads and buttons, filling their carts with everything they need to ...