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Michaels Completes Acquisition of Joann’s Intellectual Property and Fan-Favorite Labels

On Thursday, June 5, Michaels announced it has purchased Joann's private label brands and related intellectual property, such as the Big Twist line, to broaden its range of products.
The acquisition follows Joann's January 2025 Chapter 11 bankruptcy filing and its subsequent store closures amid financial difficulties.
Michaels is increasing its fabric, sewing, and yarn assortments in over 680 stores, adding more than 600 products and launching new brands like Big Twist this year.
Michaels CEO David Boone expressed enthusiasm about integrating Joann customers into Michaels’ creative network and emphasized the company's dedication to providing a wide range of products, great value, and inspiration.
This acquisition enables Michaels to better meet rising customer demand, continue its growth momentum, and solidify its position as a leading creative retail destination in North America.

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The Oregonian

Center

Michaels completes purchase of Joann’s private label brands, intellectual property

NEW YORK — Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels.

1 day ago·Portland, United States

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North Jersey

Lean Left

Is Joann reopening? Here's what's happening as Michaels buys Joann brands

Craft retailer Michaels has acquired the Joann brand, but what does that mean? And when did Joann close? Here's what to know.

1 day ago·New Jersey, United States

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Fortune

Center

Michaels is snapping up Joann Fabrics’ intellectual property and fan-favorite labels after the former cult-favorite retail darling’s bankruptcy disaster

Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels.

1 day ago·New York, United States

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Good Morning America

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Michaels buys Joann brand, plans to expand crafting supply to meet demand

Michaels announced Thursday it had acquired the fabric and craft retailer Joann and its intellectual property.

1 day ago·United States

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Syracuse NY

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Popular craft retailer acquires Joann brands, adds over 600 new products

NEW YORK — Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels.

1 day ago·Syracuse, United States

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House Beautiful

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JOANN Is Making a SURPRISING Comeback and Crafting Fans Are Freaking Out

Michaels has announced that it has acquired the bankrupt craft and fabric store JOANN. As a result, the company will be expanding its fabric departments.

2 days ago

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