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.

I hope so too.

Two threads going about this. LOL

oops, sorry. did not see the other thread.
Diana in TX

It would be nice if they decided to ship overseas.

The title is a misnomer....the company that bought J.Crew also bought Joanne's...

I am going to be very optimistic about this news :D:D:D

Yes, hopefully it will be a good thing!

which country owns the buyer?

Leonard Green & Partners is an American private equity fund. They are investors so it will be interesting to see who runs Joann's.