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The first time Joann filed for Chapter 11 bankruptcy protection was in March 2024. In a statement , the Ohio-based retailer said it had secured approximately $132 million in new financing and ...
Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues.
Crafts retailer Joann files for bankruptcy for the second time in less than a year. Find out what's in store for the 82-year-old retailer, known for its sewing supplies, fabrics, and general ...
Joann, the fabrics and crafts retailer, has filed for bankruptcy for a second time within a year and announced that it’s seeking a sale.. The 82-year-old retailer said in statement Wednesday ...
Joann, the 81-year-old fabric and craft retailer, has filed for bankruptcy as it struggles with customers cutting back on discretionary spending.
Joann, the bankruptcy fabrics and crafts retailer, is closing about 60% of its 800 stores in the coming months as part of its Chapter 11 process. ... In its second bankruptcy filing last month ...
In addition to Monday's filing in U.S. Bankruptcy Court, Joann said it had received about $132 million in new financing and expected to reduce its balance sheet's funded debt by about $505 million.
After emerging from Chapter 11 bankruptcy last April, the crafts and fabric supplier Joann has filed for bankruptcy again amid sales troubles and inventory challenges.