US EditionMichaels Completes Acquisition of Joann’s Intellectual Property and Fan-Favorite Labels
- On June 5, 2025, Michaels finalized its purchase of Joann’s trademarks and proprietary brand lines, such as the Big Twist collection, while excluding any of Joann’s physical retail locations.
- This acquisition follows Joann's Chapter 11 bankruptcy filing and closure of about 800 stores, prompting Michaels to expand its crafting offerings.
- Michaels has added more than 600 new fabric, sewing, yarn, and quilting products and plans to increase selections in 280 more stores by year-end.
- Michaels CEO David Boone said, "We're honored to welcome Joann customers" and noted fabric searches rose 77% and sewing searches 39% on Michaels.com.
- The acquisition lets Michaels better serve customers, respond to rising demand, and build momentum as a leading North American destination for creativity.
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Leaning Left30Leaning Right12Center89Last UpdatedBias Distribution68% Center
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- 68% of the sources are Center
68% Center
L 23%
C 68%
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