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Blue Sky Fibers Sold to Malabrigo

Uruguay-based Malabrigo Yarns announced today that it has acquired Minnesota yarn company Blue Sky Fibers. Both are family businesses.

Etsy to Acquire Resale Marketplace Depop

Etsy announced yesterday that it is acquiring resale marketplace, Depop, for $1.6 million. We look at why they made this acquisition and what it might mean for sellers.

WEBS Acquired by LoveCrafts

Kathy and Steve Elkins, owners of WEBS, announced today that they’ve sold the business to LoveCrafts, a UK-based venture-funded startup.

Michaels to Close Darice By the End of November

Michaels will be closing Darice, its wholesale division, by November 30, 2020. Michaels acquired Darice as part of the Lamrite West acquisition in 2016 along with Pat Catan stores.

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