IRVING, Texas -- The Michaels Companies, Inc. has announced the successful acquisition of the intellectual property and private label brands of JOANN, including the development of the popular Big Twist® brands, which are now part of the Michaels portfolio.

As part of the acquisition, Michaels is significantly expanding its offerings in fabric, sewing, and yarn, adding more than 600 new products across both new and existing brands.

This includes sewing and quilting supplies, fabric, yarn, specialty threads, sewing machines, and more. The move represents continued progress in Michaels’ efforts to reimagine the customer experience and establish itself as the premier destination for creativity and celebration.

David Boone, Chief Executive Officer at Michaels, stated, “We’re honored to have

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