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"Joann Fabric and Craft Store: Bankruptcy Filing and Store Status Explained"

1 min read
Source: WPLG Local 10
"Joann Fabric and Craft Store: Bankruptcy Filing and Store Status Explained"
Photo: WPLG Local 10
TL;DR

After 80 years in business, craft retailer Joann has filed for bankruptcy but will receive $132 million in new financing to address its capital structure needs. The company plans to reduce its funded debt by approximately $505 million and expects to keep its 800+ stores open during this time.

Topics:business#bankruptcy#business#financing#joann-fabrics#retail#stores
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  1. Joann fabric and craft store files for bankruptcy  WPLG Local 10
  2. Crafts retailer Joann files for bankruptcy after 81 years  Fox Business
  3. Will Joann fabrics close? Joann files for chapter 11 bankruptcy. What to know about company stocks, headquarters, etc.  Courier Journal
  4. There are 42 JoAnn craft stores in Pa. Will they stay open in bankruptcy?  PennLive
  5. Joann files for bankruptcy amid consumer pullback, but plans to keep stores open  CBS News

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