In a news release on Friday, Michaels Companies, Inc. announced that it had acquired the intellectual property and private label brands of JOANN Fabrics.

According to the release, this acquisition also includes the Big Twist yarn brands.

Michaels is expanding its fabric, yarn and sewing assortments and will be adding over 600 products across new and existing brands, according to the release.

According to the release, Michaels has aimed to increase the assortment of fabric throughout the year of 2025. This has been successfully done in 680 stores, and there are plans to do the same with 280 more stores throughout the rest of 2025.

Beginning in June, according to the release, Michaels will be expanding its selection of tools and materials for customers, including:

New Brother and Singer

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