Originally Posted by
Mkotch
I was disappointed when they stopped selling fabric and thread. Loved what I got through them. Does anyone know if another company took that part of their operation over?
No.
The original Craftsy was sold to NBC Universal in 2017. They rebranded it "Bluprint" in 2019.
NBC Universal then shuttered and sold off Craftsy/Bluprint's assets in 2020. They shut down retail operations in advance of the closure/sale and likely advertised the entire stock of physical goods for surplus auction bid. Same way places like Marden's in Maine and other surplus/salvage retailers get their goods - purchasing large, multi-thousand-dollar lots, at auction. Given NBC was shutting it down (and isn't inherently a retail operation, which takes a lot more in human and logistics resources), they would have had no interest in the retail transactions of selling inventory piecemeal (plus it would likely have made more financial sense to write the surplus off on the balance sheet) and didn't consider members to be their core customer base.
The company that bought the assets of Craftsy/Bluprint, TN Marketing, only bought the course content assets, not the physical or retail ones, since they are an on-demand video company, not a retailer. The press releases related to the purchase stated they had no intention of starting up retail since that's not their line of business.
You can read the history on Wikipedia Craftsy - Wikipedia
Last edited by mkc; 03-15-2023 at 06:05 AM.