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Getting your Trinity Audio player ready...
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US crafters are looking to build a communal network to replace the company after it was bankrupted by private equity investors in 2025
To its dedicated fans, JoAnn Fabrics wasn’t just a fabric store. It was a vital hub for small businesses – wedding dress makers, upholsters, milliners and rug repairers. It taught generations to make, fix and craft. A visit sparked new ideas in a way that shopping online just can’t replicate.
Since it became one of hundreds of US companies bankrupted by private equity investors in 2025, it has been sorely missed.
The post JoAnn Fabrics fans seek to stitch void left by private equity with crafts co-op appeared first on Business | The Guardian.
