Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies ...Middle East

The Denver Post - News
Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy protection, as consumers continue to cut back on discretionary spending and pandemic-era hobbies. The Hudson, Ohio-based company said that it expected to emerge from bankruptcy as early as the end of next month. Following this process, Joann will likley become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be listed on stock exchanges. Joann’s more than 800 stores and its website will continue to operate normally during the bankruptcy process, the company said, pointing to a deal it had struck with most of its shareholders for financial support.

Hence then, the article about crafts retailer joann files for chapter 11 bankruptcy as consumers cut back on pandemic era hobbies was published today ( ) and is available on The Denver Post ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News