Michaels acquired JOANN's intellectual property and private label brands, and will carry products from now-closed JOANN stores. This includes the popular JOANN brand Big Twist yarn, a cult-favorite ...

Michaels is hoping to sew up the business of fans who frequented the fabric and craft chain Joann, which has folded all of its stores after filing for bankruptcy. Michaels has acquired Joann's ...

Michaels announced it has acquired the intellectual property and private label brands of former competitor Joann. The arts and crafts store said it's planning a "significant expansion of fabric, ...