Crafters already missing the fabric, sewing supplies and yarn sold by Joann can breathe a little easier: Michaels is stepping in. Michaels announced June 5 it has acquired Joann's intellectual ...

Crafters already missing the fabric, sewing supplies and yarn sold by Joann can breathe a little easier: Michaels is stepping in. Michaels announced June 5 it has acquired Joann's intellectual ...

NEW YORK -- Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels. The Michaels Companies announced Thursday that it had completed its purchase of Joann ...

(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.

Michaels has acquired Joann's intellectual property and private label brands, including the popular "Big Twist" yarn line. Michaels plans to launch over 600 new fabric and sewing products, ...