JoAnn's was purchased by Leonard Green, a private equity firm.
I was in our JoAnn's last week for the first time in ages and they have totally remodeled it. Much nicer, much more non-sewing stuff, much cleaner. I think they are looking to win back some of the customers who went over to Michael's for art supplies and things. And now that Michael's will only accept one coupon per customer per day, JoAnn's has definitely won me back...though I still don't buy fabric there. :lol: