NEW YORK (AP) — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as
All Joann stores will remain open as the process beings, according to the
Fabrics and sewing retailer Joann has filed for Chapter 11 bankruptcy as it deals with waning consumer demand. The 80-year-old retailer said in a statement on Monday it has received roughly $132 million in new funding that that will help it reduce its debt by $505 million. The company said it plans to keep more than 800 of its U.S. stores open, as well as its website, which it said will “continue to operate as normal.” Hudson, Ohio-based Joann has been threading the needle for some time....
NEW YORK (AP) — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending. In a Monday release, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likely become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be publicly traded on stock exchanges. ...
Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and pandemic-era hobbies
Joann’s bankruptcy filing arrives during a time consumers are stepping back from at-home crafts, at least relative to a boom seen during COVID.
NEW YORK (AP) — Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and some pandemic-era hobbies. Join our WhatsApp group Subscribe to our Daily Roundup Email In a Monday statement, the Hudson, Ohio-based company said that it expected to emerge from bankruptcy
Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and pandemic-era hobbies. The Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likley become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be listed on stock exchanges. Joann’s more than 800 stores...
For decades, this company, with around 850 stores, has been the
A recent research paper on SSRN by legal scholars scrutinizes the ethical quandaries and potential conflicts of interest surrounding Sullivan & Cromwell LLP’s involvement in FTX’s Chapter 11 bankruptcy filing. Study Highlights Legal Ethics From FTX Bankruptcy Proceedings The SSRN research paper entitled “Conflicting Public and Private Interests in Chapter 11” meticulously explores the controversial […]
Microsoft is working on adding Copilot to the File Explorer context menu, and in the meantime, the third-party app, Files keeps getting better with each update. The developer team has released Files version 3.3, adding significant changes to the app, including a refreshed layout picker, additional spacing options for the layouts, and more. What will […]
Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending.