Close Menu
    What's Hot
    – 20230173bccc501cd5ca1cb6d4e1a55309c444

    Child mental health forum to be held in Norristown

    May 13, 2024
    – 202309651575b3861327.14722519

    GameStop's stock prices surged when Roaring Kitty made a comeback on social media

    May 13, 2024
    – 202303van Jones 2023

    Van Jones criticized possible Trump VP candidates for avoiding 2024 election questions, saying it's like failing kindergarten

    May 13, 2024
    Facebook X (Twitter) Instagram Telegram
    Facebook X (Twitter) Instagram
    The Plaza JournalThe Plaza Journal
    Subscribe
    Friday, May 9
    • Sports
      • American Football
      • Basketball
      • Baseball
      • Boxing
      • Cricket
      • Football
      • Hockey
      • Tennis
    • Politics
      – 2023102

      John Dean believes the hush money case against Trump is very strong

      May 13, 2024
      – 202405my screenshots 2024 05 13 at 85135am e1715608366191

      “Cruel and unfeeling” Trump assistant boasts about causing innocent homeless people to be arrested

      May 13, 2024
      – 202305stopthestealrally 01062021 getty

      Only 5 percent of people mention January 6th as the most important memory from Trump's presidency: Survey

      May 13, 2024
      – 202405AP24082659643362 e1714510107248

      7 in 10 say they’ve given a lot of thought to election: Gallup

      May 13, 2024
      – 202405AP24133009758539

      Trump: ‘Hannibal Lecter is a wonderful man’

      May 13, 2024
    • Technology
    • United States
    • United Kingdom
    • Business
    • Entertainment
    • Science
      1. Archaeology
      2. Anthropology
      3. Space
      4. Biology
      5. Ecology
      6. Geology
      7. Nanotechnology
      8. Neurology
      9. Paleontology
      10. Psychology
      11. Mathematics
      12. Geography
      13. Astrophysics
      14. Oceanography
      15. Physics
      Featured
      – 20240513unesco hunting cave

      How perspiration and endurance helped humans become excellent runners and hunters

      Biology May 13, 20244 Mins Read
      Recent
      – 20240513unesco hunting cave

      How perspiration and endurance helped humans become excellent runners and hunters

      May 13, 2024
      – 202405112024 aurora photos

      Amazing photos of colorful skies around the world as auroras shine in bright colors

      May 11, 2024
      – 20240510mosquitoes scotland

      Scotland has suddenly seen a large increase in mosquitoes

      May 10, 2024
    • Health
    Facebook X (Twitter) Instagram
    The Plaza JournalThe Plaza Journal
    Home»Business

    Crafts retailer Joann files for Chapter 11 bankruptcy protection

    By Antoine SánchezMarch 18, 2024 Business 2 Mins Read
    – 202403Joann Bankruptcy Filing 88485
    Share
    Facebook Twitter LinkedIn Pinterest Email

    NEW YORK (AP) — Joann, a company that sells fabric and crafts, has applied for Chapter 11 bankruptcy protection, as people continue to spend less money on non-essential items.

    According to a statement on Monday, the Hudson, Ohio-based company said it hopes to come out of bankruptcy as soon as the end of next month. After this process, Joann will probably be owned by specific lenders and industry parties, rather than being publicly traded on stock exchanges.

    During the bankruptcy process, Joann's more than 800 stores and website will keep operating as usual. The company assured that vendors, landlords, and other trade creditors will not experience payment disruptions due to an agreement with most of its shareholders for financial support.

    In addition to filing for bankruptcy in U.S. Bankruptcy Court on Monday, Joann mentioned that it has secured around $132 million in new funding and anticipates reducing its funded debt by about $505 million.

    Scott Sekella, Joann’s Chief Financial Officer and co-lead of the CEO’s interim office, described the transaction support agreement as a “significant step forward” in addressing the company’s financial needs.

    In Monday’s Chapter 11 petition filed in Delaware, Joann listed total debts of over $2.44 billion and total assets of about $2.26 billion, citing data from October 2023.

    Established in 1943, the company previously became private in 2011 when equity firm Leonard Green & Partners bought it for about $1.6 billion.

    Ten years later, Joann, which is mainly owned by Leonard Green & Partners, became a publicly traded company through an initial public offering at $12 a share.

    Antoine Sánchez

    Keep Reading

    – 202309651575b3861327.14722519

    GameStop's stock prices surged when Roaring Kitty made a comeback on social media

    – 202307AP081203023809 e1690573674664

    Record travel anticipated this Memorial Day weekend

    – 2024051742810

    PM wants to expand and rename Hua Hin airport

    – 202405MER L SBAMontcoAward 0512 3

    Phoenix Language Services received the 2024 Entrepreneurial Success of the Year award from the Small Business Administration (SBA)

    Add A Comment
    Leave A Reply Cancel Reply

    Must Read
    Latest Posts
    – 20230173bccc501cd5ca1cb6d4e1a55309c444

    Child mental health forum to be held in Norristown

    May 13, 2024
    – 202309651575b3861327.14722519

    GameStop's stock prices surged when Roaring Kitty made a comeback on social media

    May 13, 2024
    – 202303van Jones 2023

    Van Jones criticized possible Trump VP candidates for avoiding 2024 election questions, saying it's like failing kindergarten

    May 13, 2024
    – 20240513Depositphotos 241148346 L

    Chicken fat supercapacitors may be able to store future green energy

    May 13, 2024
    – 202405antisemitism

    Most students at prestigious universities believe that there is an issue with antisemitism, as per a survey conducted by U.S. News & World Report

    May 13, 2024
    The Plaza Journal White Logo
    X-twitter Facebook Google Pinterest Telegram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    The Plaza Journal

    • Contact Us
    • Subscription
    • Submit an Anonymous Tip
    • Newsletters
    • Sponsored News
    • Advertise With Us
    • Privacy Notice

    Keep updated

    Get the latest creative news from FooBar about art, design and business.

    Copyright © 2025 The Plaza Journal. All rights reserved.
    • Privacy Policy
    • Terms of Use
    • Cookie Policy
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.