Joann bankruptcy auction enters 2nd day after delays

UPDATE: Joann bankruptcy auction enters second day after delays
The auction of Hudson-based Joann, which had been scheduled for 9 a.m. on Friday, finally got underway at 4:05 p.m. after a long series of delays that the craft retailer's law firm communicated to virtual attendees logged in to the New York sale.
Joann Inc. assets head to bankruptcy auction
The assets of Joann Inc., the Hudson-based fabric and craft retailer, and its subsidiaries are set to be auctioned by order of the U.S. Bankruptcy Court in Delaware on Friday. The in-person and virtual auction is expected to begin Friday at 9 a.m. in the New York City offices of Kirkland & Ellis LLP, according to bankruptcy court filings.
Buyer for Joann Inc. could emerge this week with bids due in bankruptcy court
University of Akron professors say there's still a market for bricks-and-mortar-craft retailers, but continuing Joann's path is up to next owner.
Joann bankruptcy auction finally underway after repeated delays Friday
Zoom attendees wait as the auction of Hudson-based Joann, scheduled for 9 a.m. EST in New York on Friday, 'indefinitely' gets pushed back.
Great American, lenders win bid for Joann Inc. assets in bankruptcy
A partnership among West Coast asset-disposition firm Great American Group LLC and Joann Inc.'s lenders has won the bid for the Hudson-based fabric and crafts retailer's assets in an auction ordered by the U.S. Bankruptcy Court in Delaware.
Who bought Joann? New ownership group is partnership between GA Group, Joann lenders
Term loans are payments of lump upfront cash sums to borrowers who agree to specific terms, such as following a repayment ...
Cleveland1d
Joann Inc. is now up for auction
What started as a single storefront in Cleveland has grown to more than 800 stores across the U.S., but now major changes are ...
The Columbus Dispatch on MSN10d
What Joann Fabrics stores are closing in bankruptcy? Which ones are in Ohio? See the full list
Joann Fabrics announced Wednesday that it will close 500 stores as part of its bankruptcy process. Here's the full list of ...
Joann Is Closing 533 of Its 800 Stores, Including 67 in California and 42 in Florida — Here’s the List
Joann is closing 533 of its 800 fabrics and crafts stores as part of its bankruptcy process. The list includes at least 67 ...
Joann Fabrics to close nationwide, including these Cincinnati, Northern Kentucky stores
Joann Fabrics announced Wednesday that it will close 500 stores nationwide including locations in Greater Cincinnati and ...
Fox Business9d
Major crafts retailer plans to close hundreds of locations
If other qualified bids are submitted during the court-supervised sale processes, Joann plans to conduct an auction or auctions, with the stalking horse bid setting the floor for the auction ...
Bill McEwen9d
Fresno Location Is Among the 500 JOANN Fabrics Closures
Nationwide chain JOANN Fabrics and Crafts sent a bankruptcy court Wednesday a list of 500 stores it plans to close, including ...
Arizona Daily Sun1d
Liquidation sale at Flagstaff Joann location underway following court approval
Stores will be closed over the upcoming months, according to a company spokesperson, with Flagstaff's sale already including ...