- |
By
HUDSON, Ohio — Fabrics and crafts retailer Joann officially emerged from bankruptcy Tuesday, and is once again a privately-held company just two years after its initial public offering.
Joann, headquartered in Hudson, filed for Chapter 11 bankruptcy protection on March 18 and had its prepackaged financial plan approved by the court last week. Joann had just over $1 billion in debt, according to the documents filed, but was able to shed about $500 million of it.
If you purchase a product or register for an account through a link on our site, we may receive compensation. By using this site, you consent to our User Agreement and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our Privacy Policy.
