About Michaels
Michaels is a company based in Irving (United States) founded in 1973 was acquired by Apollo Global Management in March 2021. Michaels has raised $10 million across 2 funding rounds from investors including Goldman Sachs, UBS and J P Morgan. Michaels offers products and services including Arts and Crafts Supplies and Custom Framing.
- Headquarter Irving, United States
- Stage Public
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Sectors
Retail
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Phone
Locked
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Website
Locked
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Social
Locked
- Legal Name Michaels Stores
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$10 M (USD)
in 2 rounds
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Latest Funding Round
$500 M (USD), Debt – Conventional
Jul 16, 2019
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Investors
Goldman Sachs
& 12 more
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Employee Count
Not available
- Acquired by
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Products & Services of Michaels
Michaels offers a comprehensive portfolio of products and services, including Arts and Crafts Supplies and Custom Framing.
Arts supplies, yarn, and decor are sold for various creative uses.
Framing services are provided for photos and art pieces.
People of Michaels
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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 Michaels
Michaels has successfully raised a total of $10M across 2 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $500 million completed in July 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Michaels
Michaels has secured backing from 13 investors, including institutional and venture fund investors. Prominent investors backing the company include Goldman Sachs, UBS and J P Morgan.
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Investment banking services are delivered across multiple financial sectors.
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Buyouts are targeted through private equity investments by the firm.
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Private investment firm managing assets and expanding into equity, credit, and real estate services.
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Investor details for Michaels
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Investments & Acquisitions by Michaels
Investment portfolio details for Michaels
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Financial Statements - Michaels
Detailed financials for Michaels
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Michaels Comparisons
Peer comparison for Michaels
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Competitors of Michaels
Detailed competitors of Michaels
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Latest news on Michaels
Complete news archive for Michaels
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Frequently Asked Questions about Michaels
Michaels was founded in 1973 and raised its 1st funding round 36 years after it was founded.
Michaels is headquartered in Irving, United States. It is registered at Irving, Texas, United States.
Ashley Buchanan is the current CEO of Michaels.
Michaels is a funded company, having raised a total of $10M across 2 funding rounds to date.
Michaels owns and operates more than a 1,000 stores in US and Canada. It sells more than 40,000 products including art and hobby supplies, decor, frames, needlecraft kits, party supplies, seasonal products, and silk and dried flowers. It also operates about 155 Aaron Brothers stores in Texas and 10 other states, which provide framing and art supplies. The retailers Artistree subsidiary manufactures frames and molding for Michaels and Aaron Brothers stores. Michaels Stores was taken private in 2006 by the investment firms Bain Capital Partners, LLC, and The Blackstone Group. In 2017 the company recorded annual revenues of 5.19B, and a net profit of 0.37B.
Michaels offers Arts and Crafts Supplies and Custom Framing.
Michaels has 13 investors. Key investors include Goldman Sachs, UBS, J P Morgan, Bank of America, and Morgan Stanley.