Craft supplies and fabric retailer Joann will close in McKinney.
In a Feb. 23 news release, Joann announced that all stores will be closing after GA Group and Prepetition Term Loan Agent were selected as the winning bidder to acquire substantially all of Joann’s assets. Company officials filed for chapter 11 bankruptcy Jan. 15.
“Joann leadership, our board, advisors and legal partners made every possible effort to pursue a more favorable outcome that would keep the company in business,” a company news release states.
Dates for store closures or changes to the website and app will be communicated as soon as possible, according to the company’s website.
