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The Michaels Companies, Inc. is an American retail holding company, headquartered in Irving, Texas.It was formed as a parent company of Michaels in 2014. As of 2021, The Michaels Companies operates its flagship brand, Michaels (in the United States and Canada), and Artistree, a manufacturer of custom and specialty framing merchandise.
Michaels Stores, Inc., doing business as Michaels, is a privately held retail chain of American and Canadian arts and crafts store. It is North America's largest provider of arts, crafts, framing, floral and wall décor, and merchandise for makers and do-it-yourself home decorators . [ 2 ]
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In 2020, Buchanan joined The Michaels Companies as the chief executive officer and a member of the board of directors. [ 3 ] In March 2021, it was announced that The Michaels Companies was being acquired by private equity firm Apollo Global Management , and would be going private.
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