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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.

Rowan and Patons Sold to DMC

Rowan and Patons yarn brands have been sold to legacy embroidery floss company DMC allowing the company to expand its presence in Europe.

Jimmy Beans Wool Buys Madelinetosh

Jimmy Beans, a market-leading retailer of yarn and accessories for knitters and makers, announced today that they have reached a deal to acquire Madelinetosh, the largest hand-dyed yarn producer in the USA.

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