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For the second time within a year, JOANN Fabrics has announced it has filed for Chapter 11 bankruptcy with the intent to sell. The fabric and crafts company announced Wednesday, Jan. 15, it had ...

Joann Fabrics has once again filed for Chapter 11 bankruptcy protection and said it would try to sell the business. “The company is seeking court approval to begin a process for the sale of ...

After filing for bankruptcy in 2024, Joann Fabrics plans to close locations in several states. Following the bankruptcy filing in March 2024, the company was expected to receive about $132 million ...