The Michaels Companies, Inc. Acquires JOANN® Intellectual Property and …

August 18, 2025

IRVING, Texas, June 5, 2025 /PRNewswire/ — The Michaels Companies, Inc. today announced it has successfully completed the acquisition of the intellectual property and private label brands of JOANN, including the development of the beloved Big Twist® brands as part of the Michaels portfolio.

https://www.michaelspressroom.com/news/detail/4972/the-michaels-companies-inc-acquires-joann-intellectual

The Michaels Companies, Inc. 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