Inside IG Design Group Americas’ Bankruptcy
The owner of the Big 4 sewing pattern makers was spun off from its U.K. parent company in May and is now being sold at liquidation.
Special Podcast Episode: Megan Greenwell on Private Equity
In this podcast interview, journalist Megan Greenwell talks about private equity’s impact on the crafts industry, specifically on JOANN. Megan is the author of Bad Company: Private Equity and the Death of the American Dream.
Update on the Potential Fate of the Big 4 Sewing Pattern Brands
Design Group Americas (DGA), parent company of the Big 4 sewing pattern brands, announced on Friday that it has voluntarily filed for Chapter 11 bankruptcy.
Parent Company of the Big 4 Sewing Pattern Brands Sold to a Liquidator
The legacy sewing pattern brands Simplicity, Butterick, McCalls, and Vogue, commonly referred to as the Big 4, have been sold to a liquidator.
Michaels Has Acquired Joann’s Intellectual Property and Private Label Brands
Irving, Texas-based craft store chain, Michaels, has acquired the intellectual property and private label brands of Joann, which filed for bankruptcy in January of this year.
The Fall of Joann Stores: A Catalyst for Crafting’s Revival
The closure of Joann is the end of an era according to Tiffany Windsor, the daughter of the founder of Aleene’s Tacky Glue.
Joann to Begin Liquidation Sale at 533 Stores Tomorrow
JOANN, an 80-year-old retailer, is seeing a second bankruptcy limp towards liquidation, with bids due next week.
Podcast Special Episode: The Fall of JOANN Fabrics
In this special episode of the Craft Industry Alliance podcast we speak with a variety of industry players about the JOANN bankruptcy.
The Unraveling of Joann Fabrics
How JOANN Fabrics, entering its second bankruptcy in a year, simultaneously destroyed shareholder value along with the joys of crafting.
Has Stitches (XRX Inc.) Filed for Bankruptcy?
XRX, Inc., producers of the Stitches shows, has filed for bankruptcy. The announcement was made on the company’s website yesterday.