Joann Hits Ch. 11 With $1B Secured Debt, Creditor Deal

By Emily Lever (March 18, 2024, 2:42 PM EDT) -- Fabric retailer Joann Inc., better known as Joann Fabrics, filed for bankruptcy in Delaware on Monday with $1 billion in secured debt and an agreement with its creditors to trim $505 million from its balance sheet....

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