JoAnn Fabrics files Chap. 11 bankruptcy

Started by TheFugitive, March 18, 2024, 02:02:38 PM

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TheFugitive

March 18, 2024, 02:02:38 PM
JoAnn Fabrics has filed for Chapter 11 bankruptcy protection.

https://edition.cnn.com/2024/03/18/business/joann-fabric-bankruptcy/index.html

Having lived through several of these in my career my sympathies go out to their employees.  Absolutely nothing good is going to happen there in the near-term.
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