JOANN to Remain Open as Company Initiates Voluntary Chapter 11 Process to Maximize Business Value

Gordon Brothers to Serve as “Stalking Horse” Bidder in Court-Supervised Sale Process Company Continues to Serve Customers In-Store and Online During the Process HUDSON, Ohio, Jan. 15, 2025 (GLOBE NEWSWIRE) -- JOANN Inc. (“JOANN” or the “Company”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, today announced that it has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware (the “Court”) to facilitate a sal ...