The end of an era: Joann shutting down all 800 of its fabric and crafts stores in the United States
One such big name? Joann, the national fabric and craft-supplies retailer, that announced on Feb. 23 that it was going out of business and would begin shutting down all of its 800 stores in 49 states across the United States.
The crafts retailer recently auctioned most of its assets off to the GA Group, which plans to wind down operations.
Joann has a new owner. An exec representing the winning bidder said ownership will work to assist employees, keep most stores ...
A group of term loan lenders, along with GA Group, a liquidation firm backed by Oaktree Capital Management, won an auction to ...
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