Michaels is filling the fabric and crafts void left by Joann.
The Michaels Companies Inc. has purchased assets of a bankrupt fabric and crafts retailer and expanding its product offering.
Michaels has successfully completed the acquisition of the intellectual property and private label brands of Joann, which filed for Chapter 11 bankruptcy in January 2025. The deal includes the development of Joann’s Big Twist brands as part of the Michaels portfolio.
Michaels is also launching a dedicated landing page for incoming Joann customers featuring a curated assortment of products.
In addition, Michaels is expanding its fabric, sewing, and yarn assortment, adding more than 600 products across new and existing brands, including sewing and quilting supplies, fabric, yarn, specialty threads, and sewing machines. Additional products will continue to roll out throughout the year.
“We’re honored to have the opportunity to welcome Joann customers into our creative community and are committed to delivering the selection, value, and inspiration they are looking for at Michaels,” said David Boone, CEO at Michaels. “This acquisition allows us to better serve both new and existing customers, respond to rising demand across categories, and build on our momentum as the destination for creating and celebrating in North America.”
