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Joann files for bankruptcy for 2nd time in less than a year
Popular craft chain Joann files for Chapter 11 bankruptcy. Here's what that means
Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an announcement.
Joann craft chain, with 11 NJ stores, files second bankruptcy in a year
Last year was tough for brick-and-mortar businesses big and small, and this year is starting off no differently. Joann Fabrics announced it was declaring Chapter 11 bankruptcy for the second time within a 12-month period as it seeks a buyer to rescue the beleaguered chain.
Joann files for bankruptcy for second time in less than a year
For the second time since March, national crafts retailer Joann has filed for Chapter 11 bankruptcy and is now looking for a buyer. On Tuesday, the Ohio-based chain confirmed stores will remain open and employees will continue to be paid while it seeks a sale of the company.
21h
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 ...
ABL Advisor
32m
JOANN Files Chapter 11 Again, Gordon Brothers to Serve as “Stalking Horse” Bidder
JOANN Emerges from Restructuring Process with $153MM Exit Financing Facility The Company is seeking Court approval to commence a process for the sale of substantially all of its assets under Section ...
ConsumerAffairs
1h
Joann Fabrics declares bankruptcy and will seek a buyer
Joann Fabrics has once again filed for Chapter 11 bankruptcy protection and said it would try to sell the business.“The ...
usaherald
19h
Joann Inc. Files for Chapter 11 Protection Amid Struggles with Debt and Inventory Issues
Fabrics and crafts retailer Joann Inc. filed for Chapter 11 protection in Delaware bankruptcy court on Wednesday, marking its ...
2h
Joann Inc. planning for mass layoff at corporate headquarters after bankruptcy filing
Since emerging from bankruptcy court as a private company in April 2024, Joann Inc. has worked to improve its store ...
Sourcing Journal on MSN
1d
What Would Happen to Joann's Fabrics If It Enters The Chapter 22 Club?
Fabric retailer Joann's is facing a cash crunch, and could file Chapter 11-the second in less than a year-before the end of ...
1d
JOANN to Remain Open as Company Initiates Voluntary Chapter 11 Process to Maximize Business Value
Gordon Brothers to Serve as “Stalking Horse” Bidder in Court-Supervised Sale ProcessCompany Continues to Serve Customers In-Store and Online ...
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