About Jo-Ann Stores
Jo-Ann Stores is a company based in Cleveland (United States) founded in 2008 was acquired by Leonard Green and Partners in December 2010.. Jo-Ann Stores has completed 2 acquisitions, including Creativebug and WeaveUp. Jo-Ann Stores offers products and services including Fabrics and Yarn.
- Headquarter Cleveland, United States
- Stage Public
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Michaels Stores
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Saints Capital
& 1 more
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Employee Count
Employee Count
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Investments & Acquisitions
Creativebug
& 1 more
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Acquired by
Leonard Green and Partners
(Dec 23, 2010)
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Products & Services of Jo-Ann Stores
Jo-Ann Stores offers a comprehensive portfolio of products and services, including Fabrics and Yarn. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Fabrics are provided for crafting, quilting, and costume making, with over 10,000 styles being made available in various types including licensed and seasonal options.
Yarn is supplied in different weights and fibers for knitting and crochet, with popular brands and bulk options being offered to facilitate creative projects.
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Leadership Team
64 people
Software Development Team
28 people
Human Resources and Administration
23 people
Product Management Team
21 people
Store Team
21 people
Sales and Marketing
20 people
Senior Team
17 people
Manager Team
15 people
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Funding Insights of Jo-Ann Stores
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2008 | Amount | Private Equity Round - Jo-Ann Stores | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Jo-Ann Stores
Jo-Ann Stores has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Saints Capital and Leonard Green and Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Direct secondary investments are made in private company shares.
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Founded Year | Domain | Location | |
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Recapitalizations are targeted through private equity investments by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Jo-Ann Stores
Jo-Ann Stores has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Creativebug and WeaveUp. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provider of customization tool and digital print solutions for fashion brands
|
2015 | ||||
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Art and craft videos on-demand
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Jo-Ann Stores
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Jo-Ann Stores Comparisons
Competitors of Jo-Ann Stores
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Jo-Ann Stores
When was Jo-Ann Stores founded?
Jo-Ann Stores was founded in 2008.
Where is Jo-Ann Stores located?
Jo-Ann Stores is headquartered in Cleveland, United States. It is registered at Cleveland, Ohio, United States.
What does Jo-Ann Stores do?
Jo-Ann Stores was founded in 2008 and is headquartered in Cleveland, United States. Operations focus on the retail sector for crafts and sewing, where a range of products including fabrics, supplies for knitting and crocheting, and other materials is offered. In-store resources and support for crafting activities are provided, along with sales of fixtures and equipment from store inventories.
What products or services does Jo-Ann Stores offer?
Jo-Ann Stores offers Fabrics and Yarn.
How many acquisitions has Jo-Ann Stores made?
Jo-Ann Stores has made 2 acquisitions, including Creativebug, and WeaveUp.
Who are Jo-Ann Stores's investors?
Jo-Ann Stores has 2 investors. Key investors include Saints Capital, and Leonard Green and Partners.