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June 9, 2025

Michaels completes acquisition of Joann's intellectual property and fan-favorite labels

By WYATTE GRANTHAM-PHILIPS
AP Business Writer

NEW YORK — Craft labels from the now-shuttered fabrics seller Joann are making their way to a new home: Michaels.

The Michaels Companies announced on Thursday that it had completed its purchase of Joann's intellectual property and private label brands — in an acquisition that arrives as the Texas-based arts and crafting chain works to expand its own fabric, sewing and yarn offerings.


 
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