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
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. Chapter 11 bankruptcies provide businesses with some breathing room to get their finances in order without liquidating all their assets and effectively go out of business.
Popular sporting goods retailer files for Chapter 11 bankruptcy
Sporting goods retailers have battled to stay afloat after the Covid-19 pandemic rocked the nation, forcing retailers in most sectors to shut down operations for long periods in 2020. Aside from closing stores and reducing customer occupancy in stores to promote physical distancing measures,
Big Lots, JoAnn and 11 other companies that filed for bankruptcy in 2024
For some companies, bankruptcy can mean the end. For others, it can be a way to restructure and stay afloat amid business challenges.
Fabrics and crafts chain Joann seeks buyer, files for bankruptcy again
In the latest sign of trouble for specialty retailers, Joann is seeking Chapter 11 protection for the second time in less than a year.
Craft supplies retailer Joann declares bankruptcy for the second time in a year
After emerging from Chapter 11 bankruptcy last April, the crafts and fabric supplier Joann has filed for bankruptcy again amid sales troubles and inventory challenges.
Major crafts retailer files for bankruptcy
Joann filed for Chapter 11 bankruptcy protection for the second time in less than a year as it contending with a difficult retail environment. The company is also trying to sell itself.
Joann Files For Bankruptcy, Second in Less Than a Year
Joann filed for bankruptcy, its second in less than a year as the company looks to maximize the value of its business.
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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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 ...