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Fabric and arts retailer Joann becomes private company following bankruptcy filing

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Joann Nyheter

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, the largest retailer for sewing and fabric supplies, announced it will become a privately owned company in the aftermath of its bankruptcy filing.

The arts and crafts company also said its 800 store locations will remain open and continue to offer supplies “for any creative need.” “We could not have reached this point without the unwavering dedication of our team members, the continued support of our industry partners and landlords, and the tremendous loyalty and enthusiasm of our customers,” he said.

 

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