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Michaels has always sold sewing machines, but now that it's acquired the Joann brand, its selection has drastically expanded.
Michaels announced Thursday it had acquired the fabric and craft retailer Joann and its intellectual property.
Michaels bought Joann's intellectual property and private label brands after Joann closed all stores. Here's what to know.
In a statement, Michaels CEO David Boone also invites those mourning the loss of Joann to come on over to craft at his chain.
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