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Joann craft stores closed all locations after filing for bankruptcy twice in one year.

Michaels purchased Joann's intellectual property and private label brands.

Michaels will expand its fabric and yarn selection with former Joann products.

Fabric and craft retailer Joann shut its doors for good in February 2025 after filing for Chapter 11 bankruptcy twice within a year.

By the end of May 2025, Joann closed approximately 800 stores in the United States, including 17 Arizona locations .

Not even a month later, on Thursday, June 5, Michaels announced that it has acquired Joann's intellectual property and private label brands — including the Big Twist brands.

Michaels will expand its fabric, sewing and yarn assortment by adding more than 600 products including

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