Michaels Acquires JOANN's Intellectual Property and Private Label Brands

Retail
Written By Rick Watson

The Michaels Companies, Inc. is a leading specialty retailer in North America focused on arts, crafts, framing, floral, wall décor, and seasonal merchandise.

JOANN was an American specialty retail chain that specialized in fabrics and arts and crafts supplies.

The Michaels Companies has announced that it has acquired the intellectual property of closed craft retailer JOANN and the Big Twist private label for an undisclosed amount. Michaels did not acquire any JOANN locations and has not disclosed whether it will use the JOANN logo and trademarks.

Retail Dive: Joann’s future a mystery as Michaels snaps up IP, private labels

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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