Michaels has acquired the intellectual property and private label brands of competitor Joann, which closed its stores after filing for bankruptcy.

Michaels has acquired the intellectual property and private label brands of competitor Joann, which closed its stores after filing for bankruptcy.

Michaels has acquired the intellectual property and private label brands of competitor Joann, which closed its stores last ...

Simplicity, Butterick, McCalls, and Vogue — has been sold to a liquidator, per the Craft Industry Alliance. That’s troubling ...

Michaels is hoping to pick up where Joann left off by adding the shuttered fabric retailer’s products to its company portfolio.