Joann Fabrics News Today 2024. Despite the legal filing, joann will remain in business. The crafting and fabrics retailer joann has filed for chapter 11 bankruptcy protection in delaware, as it announced it is seeking to reorganize its finances.
Joann fabrics and crafts has filed for chapter 11 bankruptcy protection as it seeks to reorganize its finances. Bankruptcy judge’s approval on thursday for a restructuring that would eliminate $505 million in debt and keep all 815 retail locations open.
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