Michaels, a major arts and crafts supplies chain and home goods store, will soon offer something new on its shelves following the purchase of Joann fabric’s intellectual property. Michaels announced ...

Joann fabric and craft stores will live on — sort of. Michaels announced Thursday it has acquired the intellectual property and private label brands of Joann and plans to expand its fabric, sewing and ...

If you’re a devoted DIYer who loves to do easy crafts at home, you might be feeling the sting of the recent loss of beloved fabric and craft store Joann. (That goes double for anyone who loves to ...

Michaels has acquired the intellectual property and private label brands of Joann Fabrics, which recently declared bankruptcy. This acquisition includes popular Joann brands like Big Twist and expands ...

(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.

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, ...