Crafts Firm Joann Files for Bankruptcy as Consumers Retreat [Yahoo! Finance]
JOANN, Inc. - common stock (JOAN)
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg Apple Is in Talks to Let Google Gemini Power iPhone AI Features Putin Warns Russia Won't Stop After Predictable Election Win Saudi Wealth Fund Is in Talks to Acquire National Airline China's Growth Bump May Dent Urgency for More Stimulus The Hudson, Ohio-based chain will be delisted after the bankruptcy proceedings and be privately owned by “certain of its lenders and industry parties,” according to a company statement released as it filed a Chapter 11 petition in Delaware early Monday. The filing listed liabilities of $1 billion to $10 billion. Joann's lenders struck a restructuring deal to provide about $132 million in new financing that would help the company reduce debt by about $505 million, the firm said. The parties in the deal also agreed to a six-month extension of certain loans and credit facilities. Like many of its retail peers, Joann had been contending with changing consumer shopping habits and years of declining revenues. The pand
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JOAN
News
- Gordon Brothers Provides $100M Exit Facility Commitment as Agent for Jo-Ann Stores [Yahoo! Finance]Yahoo! Finance
- Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]CNN
- Opinion: America briefly rediscovered a love of sewing. It wasn't enough to rescue Joann Fabrics [CNN]CNN
- News Quiz: March 22, 2024 [FOX News]FOX News
- The Daily Money: Catch solar eclipse from the sky? [USA TODAY]USA TODAY
JOAN
Earnings
- 12/4/23 - Beat
JOAN
Sec Filings
- 3/22/24 - Form 8-K
- 3/18/24 - Form 8-K
- 3/15/24 - Form 3
- JOAN's page on the SEC website