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Three KC-area stores will close as Joann liquidates

  • Joann Fabrics has announced the closing of all its remaining locations after filing for Chapter 11 bankruptcy.
  • The financial services company GA Group and Joann's lenders will acquire the company's assets as Joann goes out of business.
  • Joann's spokesperson stated the closure decision was difficult but necessary for maximizing business value during Chapter 11 proceedings.
  • All Joann stores will hold going-out-of-business sales, with discounts reaching up to 75%.
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vcpost.com broke the news in on Monday, February 24, 2025.
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