Joann to close all its fabric and craft stores amid bankruptcy
Joann has announced its plans to shut down all its fabric and craft stores following a bankruptcy filing in January. In a statement released on Sunday, the company confirmed that GA Group, along with the Prepetition Term Loan Agent, has been chosen as the winning bidder to acquire nearly all of Joann's assets.
But, he said, GA Group had nothing to do with Joann's bankruptcy ... proceedings as a private company in April 2024. Joann Fabrics stores closing across the country. How did the craft store ...
The announcement comes after Joann filed for Chapter 11 bankruptcy protection in January, the second time in a year. At the ...
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