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.
Calling it "the best outcome the economics will support," U.S. Bankruptcy Court Judge Craig Goldblatt on Wednesday approved ...
Joann, the retailer known for selling fabrics and crafts for the last 82 years, has filed for bankruptcy and says it is ...
The crafts retailer recently auctioned most of its assets off to the GA Group, which plans to wind down operations.
Term loans are payments of lump upfront cash sums to borrowers who agree to specific terms, such as following a repayment ...
Fabric and craft retailer Joann announced Monday it is set to close all of its more than 800 locations after the company's assets were auctioned off over the weekend. The decision comes ...
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback