After declaring bankruptcy and making arrangements to go private, craft specialist Joann has appointed Michael Prendergast acting CEO and introduced a new board of directors. Prendergast, a managing director in Alvarez & Marsal’s Consumer and Retail Group, has...
Craft-centric retailer Joann announced the United States Bankruptcy Court for the District of Delaware confirmed the company’s prepackaged joint plan of reorganization, clearing the way for it to emerge from Chapter 11 status. The retailer stated it expects to...
Home crafts specialist Joann has initiated a voluntary prepackaged Chapter 11 filing with the United States Bankruptcy Court for the District of Delaware and has a transaction support agreement in place. According to Joann, the company made the bankruptcy move with...
Joann missed third-quarter Wall Street estimates on sales and earnings while citing double-digit e-commerce growth as a positive development. Net loss was $21.6 million, or 51 cents per diluted share, versus $17.5 million, or 43 cents per diluted share, in the...
