News Formal

Fabric and arts retailer Joann becomes private company following bankruptcy filing

  • 📰 AKNewsNow
  • ⏱ Reading Time:
  • 26 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 53%

Joann News

Fabrics,Sewing,Arts

The company announced it had filed for bankruptcy in the middle of March with the expectation that it would re-emerge from the court-supervised process by the end of the following month.

Joann announced it would emerge from its bankruptcy as a privately-owned company.Updated: 34 minutes ago

The company filed for bankruptcy in the middle of March with the expectation that it would re-emerge from the court-supervised process by the end of the following month., Joann appears to be closely following its original plan and expects to be finished with the process in the next few days. In a statement, Chris DeiTullio, chief customer officer and co-lead of the interim office of the CEO, said the company is happy to have reached this milestone less than 40 days after the initial court filing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 460. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joann Inc. to reorganize as private company after filing bankruptcyJoann Inc. announced this week that it expects to complete a reorganization plan soon that will allow it to emerge from bankruptcy as a private company.
Source: WEWS - 🏆 323. / 59 Read more »