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JOANNS IS SELLING TO J. CREW

JOANNS IS SELLING TO J. CREW

Old 12-23-2010, 08:54 AM
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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.
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Old 12-23-2010, 08:57 AM
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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.
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Old 12-23-2010, 08:59 AM
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Two threads going about this. LOL
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Old 12-23-2010, 09:01 AM
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oops, sorry. did not see the other thread.
Diana in TX
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Old 12-23-2010, 09:03 AM
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It would be nice if they decided to ship overseas.
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Old 12-23-2010, 09:04 AM
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The title is a misnomer....the company that bought J.Crew also bought Joanne's...
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Old 12-23-2010, 12:00 PM
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I am going to be very optimistic about this news :D:D:D
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Old 12-23-2010, 12:09 PM
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Yes, hopefully it will be a good thing!
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Old 12-23-2010, 12:11 PM
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which country owns the buyer?
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Old 12-23-2010, 01:51 PM
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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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