Based on the Best-Selling French Children's Book Mister Crocodile is Very Hungry from Joann SfarImages HERENEW YORK, June 5, 2025 /PRNewswire/ -- Nickelodeon today announced the acquisition of Mr. Crocodile, a brand-new animated kids' series, based on the beloved French children's book Monsieur Crocodile a Beaucoup Faim (Mister Crocodile is Very Hungry) by best-selling author Joann Sfar, published by Gallimard. Produced by Joann Sfar's Magical Society and distributed by Mediawan Kids & Family, with the part ...

Company Overview - JOANN is a leading sewing and fabrics retailer with one of the largest arts and crafts offerings in the US, operating over 800 stores across 49 states and a robust ecommerce business [4] - The company has been inspiring creativity in customers for over 80 years, serving as a one-stop shop for supplies, guidance, and inspiration for creative projects [4] Financial Restructuring - JOANN has commenced voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware to facilitate a court-supervised sale process aimed at maximizing the value of the business [2] - The company intends to seek approval for a consensual use of cash collateral to ensure sufficient liquidity to support ongoing operations [3] - JOANN is seeking court approval to commence a process for the sale of substantially all of its assets under Section 363 of the US Bankruptcy Code, with Gordon Brothers Retail Partners, LLC serving as the "stalking horse" bidder [7] Sale Process - The proposed transaction with Gordon Brothers is subject to higher and better offers, and the company continues to actively solicit alternate bids [7] - If other qualified bids are submitted, JOANN plans to conduct an auction or auctions, with the stalking horse bid setting the floor for the auction processes [7] Operations During Restructuring - JOANN stores and JOANN com remain open and continue to serve customers in the ordinary course during the restructuring process [2] - Team Members are continuing to receive pay and benefits, and the company intends to uphold its commitments to customers, Team Members, and partners [1][2] Advisors - Kirkland & Ellis is serving as legal counsel to JOANN, with Centerview Partners LLC serving as financial advisor and Alvarez & Marsal North America, LLC serving as restructuring advisor [9]

Core Insights - JOANN has appointed Maarten Jager to its Board of Directors, effective October 22, 2024, bringing extensive retail experience to the company [1][2] - Jager's previous roles include Chief Financial Officer at Mattress Firm, where he successfully led a business turnaround, achieving significant refinancing and recapitalization [2] - JOANN aims to leverage Jager's expertise in finance, strategy, and sustainable growth to support its ongoing transformation [2] Company Background - JOANN has been a leader in the sewing and fabrics category for over 80 years, operating more than 800 stores across 49 states and a robust e-commerce platform [4] - The company focuses on inspiring creativity and providing a comprehensive range of supplies and guidance for various projects [4] Jager's Experience - At Mattress Firm, Jager was instrumental in securing $550 million in refinancing and $1.35 billion in dividend recapitalization [2] - His previous experience includes leadership roles at PriceSmart Inc., Walmart, Diageo, Booz Allen Hamilton, and General Electric, showcasing a diverse functional background [3] - Jager holds degrees in Engineering and an MBA with a focus on business strategy and finance from prestigious universities [3]

Group 1 - JOANN is launching a Fleecetastic sale starting September 29, offering Blizzard Fleece at $3.75 per yard, the lowest prices of the year [1] - The sale allows customers to create unique blankets for under $15, appealing to families and those looking to donate to charity [1] - JOANN will host a blanket-making event on October 4-5, featuring additional sales on fleece and yarn, including Buy One, Get One Free offers on No Sew Throw kits [2] Group 2 - The Chief Customer Officer highlighted the trend of customers making blankets as gifts for loved ones or donations to shelters and hospitals, emphasizing the company's commitment to supporting these initiatives [3] - JOANN has partnerships with charities like Project Linus and Children's Miracle Network Hospitals, encouraging customers to donate blankets to local chapters [3] - The company operates over 800 stores across 49 states and has a robust e-commerce platform, aiming to inspire creativity in its customers [4]

HUDSON, Ohio, Sept. 26, 2024 (GLOBE NEWSWIRE) -- JOANN, the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, has released its FY24 Corporate Responsibility Impact Report as the company continues to harness the power of creativity to positively impact its Team Members, customers and communities. Through its Environmental, Social, and Governance (ESG) strategy, JOANN remains committed to operating as a responsible corporate citizen as a newly private company. " ...

Core Insights - JOANN is experiencing an early surge in Halloween and Fall décor sales, attributed to changing consumer behavior, particularly among younger demographics [1][2][4] - The company has introduced a wide variety of Halloween products, including over 50 unique skeletons and various costume-making fabrics, to meet customer demand [2][3] - JOANN plans to leverage this trend for the Winter Holiday season by introducing holiday assortments earlier and hiring an estimated 5,000 additional team members [4][5] Company Strategy - JOANN has created a "One Stop Scare Shop" to cater to the early Halloween shopping trend, with new décor collections arriving weekly [2][3] - The company is actively listening to customer feedback through various channels to ensure timely product availability [3] - JOANN aims to fulfill the crafting and creative needs of its customers by expanding its holiday offerings and enhancing its workforce for the upcoming season [5] Market Position - JOANN has established itself as the largest retailer of sewing and fabrics in the U.S., with over 800 stores across 49 states and a strong e-commerce presence [6] - The retailer's proactive approach to inventory management and product assortment is designed to capitalize on shifting consumer behaviors and preferences [4][5]

Company Overview - JOANN is a leading company in the fabric and sewing industry with over 800 store locations across 49 states and a strong e-commerce platform [7] - The company has a history of more than 80 years, focusing on inspiring creativity among its customers [7] Leadership Change - Stan Rosenzweig has been appointed as the Executive Chairman of the Board, effective August 5, 2024 [1] - Rosenzweig brings over thirty years of experience in consumer-related businesses and has previously served as Executive Chairman of SVP Worldwide, the parent company of several sewing machine brands [1][5] Strategic Vision - Rosenzweig expressed excitement about leading JOANN, highlighting the company's unique position to drive the craft industry forward [2] - The company aims to leverage its 17,000 team members, extensive store network, and online platform to redefine crafting in America [2] Board Composition - The current Board of Directors includes members such as Mary Campbell, Joe Hartsig, Michelle Israel, and Bill Wall, with Darrell Horn resigning as Interim Chairman effective August 5 [3]

Effective July 29, 2024, Scott Sekella has exited the JOANN business and is pursuing other opportunities. During his tenure, Scott led the company through a very tumultuous time and all of JOANN appreciate his hard work and dedication. The entire JOANN team wishes him all the best in his future endeavors. JOANN has commenced an immediate search for a new leader while Jeff Dwyer, Managing Director, Alvarez & Marsal, will act as Interim CFO. Scott's departure was not related to any disagreements with JOANN re ...

HUDSON, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- JOANN, the nation's category leader in sewing and fabrics with one of the largest arts and crafts offerings, is pleased to announce the promotion of Ann Aber to Executive Vice President, Chief Legal & Human Resources Officer. Aber has been with the Company since 2019, when she joined as Vice President, General Counsel & Secretary. She was promoted to Senior Vice President in 2021. Aber holds a Juris Doctorate degree from Cleveland State University College of L ...

Core Insights - JOANN is launching a new brand campaign titled "JO-AND," aimed at inspiring creativity and connection among customers, particularly targeting younger demographics [5] - The company emphasizes the joy of the creative process and aims to raise awareness of its extensive product offerings, which include over 100,000 SKUs across various categories [6][4] - JOANN has marked down more than 15,000 items to make creativity more accessible to customers [6] Company Overview - JOANN has been in business for over 80 years, operating more than 800 stores across 49 states and employing 18,000 team members [3][4] - The company is recognized as a leader in sewing and fabrics, with a significant presence in the arts and crafts market [4] Community Engagement - JOANN encourages customers to create for themselves and others, promoting a culture of giving through various charitable initiatives [7] - The company has partnered with organizations like Children's Miracle Network and St. Jude Children's Research Hospital, raising over $3.6 million since 2021 for mental health resources for youth [7]