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Thread: JOANNS IS SELLING TO J. CREW

  1. #1
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    Perhaps we will see more and better quality quilt fabs at decent prices...we can only hope.

    Story StatsJo-Ann Stores being taken private for $1.6 billion



    HUDSON, Ohio—Fabric and craft store chain Jo-Ann Stores Inc. is being taken private by investment firm Leonard Green & Partners LP for about $1.6 billion, the latest in a series of billion-dollar retail buyouts.
    The deal is the latest in a series of billion-dollar retail buyouts in the past three months. Last month preppy fashion retailer J. Crew Group Inc. agreed to be purchased for $3 billion in a deal that also involves Leonard Green & Partners, along with private equity firm TPG Capital.

  2. #2
    Super Member AlwaysQuilting's Avatar
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    Quote Originally Posted by Lady Diana
    Perhaps we will see more and better quality quilt fabs at decent prices...we can only hope.
    I hope so too.

  3. #3
    Super Member C.Cal Quilt Girl's Avatar
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    Two threads going about this. LOL

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    oops, sorry. did not see the other thread.
    Diana in TX

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    Power Poster Lacelady's Avatar
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    It would be nice if they decided to ship overseas.

  6. #6
    Super Member Rebecca VLQ's Avatar
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    The title is a misnomer....the company that bought J.Crew also bought Joanne's...

  7. #7
    Power Poster amma's Avatar
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    I am going to be very optimistic about this news :D:D:D

  8. #8
    Power Poster CarrieAnne's Avatar
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    Yes, hopefully it will be a good thing!

  9. #9
    omak's Avatar
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    which country owns the buyer?

  10. #10
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    Leonard Green & Partners is an American private equity fund. They are investors so it will be interesting to see who runs Joann's.

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