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Joann Fabric's 2nd Bankruptcy
Is Joann Fabrics going out of business? Retailer warns of possible liquidation in second Chapter 11 bankruptcy
Stores will remain open for now, but Joann says a “stalking horse” bidder has grim plans for the beloved arts-and-crafts retailer if it can’t find a better offer. Popular arts-and-crafts retailer Joann Inc.
Fabrics and crafts chain Joann seeks buyer, files for bankruptcy again
The specialty retail chain, which says it has $615 million in debt and just $8 million in cash, is seeking Chapter 11 protection for the second time in a year.
Ohio-based Joann Inc. files for second bankruptcy, plans to sell assets
Another retailer is joining the likes of Big Lots, Party City and more in filing for bankruptcy. But its stores are open – for now.
20h
on MSN
Joann files for bankruptcy for second time within a year, seeks to sell all assets
Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and ...
3d
Joann Chapter 11 Again Amid Asset Sale Fears Should No Buyer Be Found
The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had ...
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