Business news brief
JoAnn Fabrics fans seek to stitch void left by private equity with crafts co-op
NEWS DESKBusiness
PUBLISHEDSep 24, 2026, 11:00 AM
What the source reports
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…
Main source: The Guardian Business
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