Michaels has acquired the intellectual property and private label brands of Joann Fabrics, which recently declared bankruptcy. This acquisition includes popular Joann brands like Big Twist and expands ...

(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.

Crafters already missing the fabric, sewing supplies and yarn sold by Joann can breathe a little easier: Michaels is stepping in. Michaels announced June 5 it has acquired Joann's intellectual ...

Michaels has purchased the intellectual property and private label brands of Joann, including Big Twist, after the latter closed all stores due to bankruptcy. Michaels will expand its offerings with ...

Michaels is launching "The Knit & Sew Shop," which will feature Joann's branding and private-label products. The new shop-in-shop concept will offer an expanded selection of fabric, yarn and sewing ...

Michaels has acquired Joann's intellectual property and private label brands, including the popular "Big Twist" yarn line. Michaels plans to launch over 600 new fabric and sewing products, ...