Michaels has purchased the intellectual property and private label brands of Joann, including Big Twist, after the latter closed all stores due to bankruptcy. Michaels will expand its offerings with ...

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, ...

Craft retailer Michaels has confirmed, via a June 5 press release, that it has completed the acquisition of both the intellectual property and private label brands previously held by JOANN — including ...