Joann Inc. to reorganize as private company after filing bankruptcy

Joann Inc. is one of the largest arts and crafts chains in the country, with around 800 stores and more than 18,000 employees.

By becoming a private company, Joann Inc. said it will be able to keep its stores open and workers employed. “We are grateful to our financial and industry stakeholders, whose support enabled us to continue operating smoothly and move through this process on an expedited basis. Their investment not only provides us with additional financial resources, but also reflects their confidence in our Team Members and in our business to seize on the opportunities ahead.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Top 10 Stocks to Buy as CPI Inflation Comes Roaring BackStocks Analysis by Investing.com (Jesse Cohen) covering: Gen Digital Inc, State Street Corp, Cleveland-Cliffs Inc, Humana Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »

Earnings Week Ahead: Amazon Eyes Explosive Revenue, Apple Reports Amid China WoesStocks Analysis by Julio Sánchez Onofre covering: Qualcomm Incorporated, Apple Inc, Amazon.com Inc, Advanced Micro Devices Inc. Read Julio Sánchez Onofre's latest article on Investing.com
La source: Investingcom - 🏆 450. / 53 Lire la suite »