And just FYI, Leonard Green & Partners LP bought out JoAnn's Fabrics and Crafts in January 2011 for an estimated $1.6 billion, taking it into private ownership (this according to Forbes, below).
http://www.forbes.com/companies/jo-ann-stores/
Other companies owned by Leonard Green (a huge private equity firm) include Whole Foods Market, PetCo, Rite Aid, David's Bridal, The Container Store, Sports Authority, and FTD Group Inc.