Originally Posted by MillieU
JoAnn's Fabrics was bought for $1.6 billion dollars by a private equity firm, Leonard Green & Partners. Their shares of stock went from $15.25 to $60.87. What's that tell you.
Here's their retail list:
http://www.leonardgreen.com/retail.htm
Take a look at their investments! All high end, as far as my wallet is concerned! Wonder what this will bring to Joann's... I might as well be buying at quilt stores for the same price as much of Joann's fabric is now.
Happy New Year!