Associated tags: Happy Place, Creativity, Interim, Acting
Locations: PUERTO RICO, HUDSON, OH, US, KROLL, GIBSON, DELAWARE, OHIO
Starting this week and continuing through the month of June, JOANN will be lowering the everyday price on items across its assortment, from fabric and yarn to crafts and fine arts, to machines and home décor.
Key Points:
- Starting this week and continuing through the month of June, JOANN will be lowering the everyday price on items across its assortment, from fabric and yarn to crafts and fine arts, to machines and home décor.
- Additionally, June 13-26, shoppers can enjoy the Lowest Prices of the Season during JOANN’s semi-annual sale, which offers discounts up to 70% off more than 18,000 items across all categories.
- “We have worked hard to evaluate across the assortment and make thousands of staple items more affordable every day.
- Deals for the Lowest Prices of the Season event include:
Up to 70% off Frames, Storage and Art Supplies
Big Twist Value Yarn starting at $2.79, with up to 50% off Entire Stock Yarn
Michael is an experienced executive who has helped companies transform successfully and has served as an interim leader for other retailers.
Key Points:
- Michael is an experienced executive who has helped companies transform successfully and has served as an interim leader for other retailers.
- Chris DiTullio and Scott Sekella, who served as Co-Leads of the Interim Office of the CEO since May 2023 and led JOANN through a successful and expeditious Ch.
- In addition, JOANN is pleased to announce the appointment of a new Board of Directors as it moves forward as a stronger private company.
- “We are honored to join what is truly a new JOANN, and we look forward to supporting the company and its leadership team in its mission to inspire creativity,” said Darrell Horn, Interim Chairman of the Board.
HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company’s Prepackaged Joint Plan of Reorganization.
Key Points:
- HUDSON, Ohio, April 25, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that the U.S. Bankruptcy Court for the District of Delaware has confirmed the Company’s Prepackaged Joint Plan of Reorganization.
- JOANN expects to successfully complete its financial restructuring and emerge from the court-supervised process in the coming days.
- Latham & Watkins LLP is serving as legal counsel to JOANN, with Houlihan Lokey serving as financial advisor and Alvarez & Marsal North America, LLC serving as restructuring advisor.
- Gibson Dunn & Crutcher LLP is serving as legal counsel to certain of the Company’s term lenders, with Lazard serving as financial advisor.
Growth,
Lazard,
Security (finance),
United States bankruptcy court,
Bankruptcy,
ABL,
Creativity,
Interim,
Latham & Watkins,
TSA,
FILO HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that it has entered into a Transaction Support Agreement (“TSA” or “Agreement”) with a majority of its financial stakeholders and additional industry financing parties to strengthen the Company’s financial position. In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million. The parties have also agreed to a six-month extension of the Company’s existing ABL and FILO credit facilities, effective upon the Company’s emergence from the court-supervised process. Under the TSA and related transaction documents, all obligations to employees, vendors, landlords, and other trade creditors will be paid or otherwise satisfied in full and honored in the ordinary course of business.
Key Points:
- In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million.
- We appreciate the support from our financial and industry stakeholders in this agreement, and their confidence in our ability to continue driving positive business change.
- With the significant support of the Company’s financial stakeholders, JOANN expects to complete this process on an expedited basis, as early as late April 2024.
- Gibson Dunn & Crutcher LLP is serving as legal counsel to certain of the Company’s term lenders, with Lazard serving as financial advisor.
Growth,
Lazard,
Security (finance),
United States bankruptcy court,
Bankruptcy,
ABL,
Creativity,
Interim,
Latham & Watkins,
TSA,
FILO HUDSON, Ohio, March 18, 2024 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that it has entered into a Transaction Support Agreement (“TSA” or “Agreement”) with a majority of its financial stakeholders and additional industry financing parties to strengthen the Company’s financial position. In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million. The parties have also agreed to a six-month extension of the Company’s existing ABL and FILO credit facilities, effective upon the Company’s emergence from the court-supervised process. Under the TSA and related transaction documents, all obligations to employees, vendors, landlords, and other trade creditors will be paid or otherwise satisfied in full and honored in the ordinary course of business.
Key Points:
- In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to reduce funded debt on its balance sheet by approximately $505 million.
- We appreciate the support from our financial and industry stakeholders in this agreement, and their confidence in our ability to continue driving positive business change.
- With the significant support of the Company’s financial stakeholders, JOANN expects to complete this process on an expedited basis, as early as late April 2024.
- Gibson Dunn & Crutcher LLP is serving as legal counsel to certain of the Company’s term lenders, with Lazard serving as financial advisor.
Retrieved on:
Tuesday, January 16, 2024
Loose Ends aims to ease grief, create community, and inspire generosity by matching volunteer handwork finishers with projects people have left unfinished due to death or disability.
Key Points:
- Loose Ends aims to ease grief, create community, and inspire generosity by matching volunteer handwork finishers with projects people have left unfinished due to death or disability.
- JOANN and Loose Ends will kick off their partnership, offering exclusive discounts for Project Finishers, in-kind product donations and all JOANN locations nationwide will serve as designated meet up spots for loved ones and finishers to swap projects.
- “JOANN is proud to partner with Loose Ends to continue connecting crafts left behind with finishers around the world, so loved ones can cherish the creator's memory in the way they intended.”
“Loose Ends is honored to partner with JOANN.
- From the very beginning, JOANN generously provided needed materials to complete unfinished projects,” said Masey Kaplan, Loose Ends Project Co-Founder.
Retrieved on:
Wednesday, November 15, 2023
HUDSON, Ohio, Nov. 15, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the third quarter Fiscal 2024 after the market closes on Monday, December 4, 2023.
Key Points:
- HUDSON, Ohio, Nov. 15, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced plans to release its earnings for the third quarter Fiscal 2024 after the market closes on Monday, December 4, 2023.
- JOANN will host a conference call on the same day at 5:00 p.m.
- During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends that have occurred after quarter-end.
- The Company’s responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.
Retrieved on:
Monday, November 13, 2023
HUDSON, Ohio, Nov. 13, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, is encouraging customers to shop early to beat the rush, with weekly deals that offer Black Friday-level savings.
Key Points:
- HUDSON, Ohio, Nov. 13, 2023 (GLOBE NEWSWIRE) -- JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, is encouraging customers to shop early to beat the rush, with weekly deals that offer Black Friday-level savings.
- In addition to great deals all season, JOANN will start its Black Friday Doorbuster event on Sunday, November 19th running through Saturday, November 25th.
- The promotions will run both in-store and online, and customers can expect huge savings throughout the business, from fleece and yarn to jewelry and holiday décor.
- JOANN will also offer a price match guarantee, ensuring customers get the best price for their items this season.
Kids In Need Foundation,
American Red Cross,
Human,
ESG,
Fiscal,
Corporation,
Carbon,
Mental health,
Carbon accounting,
Environment,
Gender identity,
Partnership,
Interim,
School,
Movement,
GHG,
Diversity,
Cancer,
Task force,
Patient,
Nursing,
Risk management,
Woman “The mission of our EVERGREEN Strategy is to work every day to be a better corporate citizen than we were the day before,” said Chris DiTullio, Chief Customer Officer and Interim Office of the CEO.
Key Points:
- “The mission of our EVERGREEN Strategy is to work every day to be a better corporate citizen than we were the day before,” said Chris DiTullio, Chief Customer Officer and Interim Office of the CEO.
- This earned JOANN recognition as a Top Project at the Environment + Energy Leader's 2023 Awards.
- JOANN will continue to build on its efforts in the coming fiscal years and is committed to working everyday to be a better corporate citizen than we were the day before.
- Learn more and download the full Impact Report at https://investors.joann.com/corporate-responsibility .
