Did private equity kill Joann fabrics? Maybe not, but experts say its fingerprints are at the crime scene
fastcompany.com/91287686/joann-fabrics-closing-private-equity-kill-reason-market-forces
After more than eight decades in operation, craft retailer Joann is going out of business, closing all 800 of its stores and laying off 19,000 employees.
The news comes after the retailer’s restructuring plans failed and a liquidator opted to purchase its assets. Joann is far from the…
This story appeared on fastcompany.com, 2025-03-03 22:50:00.