Michaels has acquired craft and fabric retailer Joann's intellectual property and private label brands, including its popular Big Twist yarns, the company announced this week. Michaels announced the ...

If you were frequent customer of Joann Fabrics, here’s some great news. Some months after the retail chain closed their doors for good, Michaels — a former rival — is unexpectedly helping the fallen ...

Michaels acquired the fabric retailer giant when Joann’s filed for Chapter 11 bankruptcy protection in January for the second time in less than a year. The retailer had completed a previous ...

Michaels is trying to woo shoppers of fabric and craft retailer Joann, which will close all of its stores by the end of May. The largest craft retailer in the U.S., Michaels has posted a message on ...