Joann Enters Structured Bankruptcy; Stores and Site to Remain Operational
Retail TouchPoints
MARCH 18, 2024
As it seeks to find firmer footing, Joann has entered a Transaction Support Agreement (TSA) with a majority of its financial stakeholders and other parties that includes commitments for approximately $132 million in new financing. The 800+ -store crafts retailer has initiated voluntary prepackaged Chapter 11 cases in the U.S.
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