Joann Inc, who introduced insidious Americans with art supply and pieces of art and fragments for decades, recently announced that a month later planned to close all US stores Chapter 11 Bankruptcy Defense.

In a statement received by Reuters on Sunday, all the assets of the 82-year-old company announced their plans to sell to the buyer group. Joann heads first hoped to continue a buyer's work, but the highest bidder is slotted to start selling off work in all places.

Since January, Joann, although hundreds of time last month were in more than 800 US retail space. As soon as last month, the company was $ 538.3 million in all US, except Hawaii, as of 19,000 people in the United States.

However, the company owed $ 615.7 million to have more than $ 113 million worth more than $ 113 million. The monthly value to control hundreds of space was leased to $ 26 million monthly.

Key craft retailers for bankruptcy

Buyers enter the location of Joann Store LLC on September 19, 2018, Peoria, Illinois, USA, 19 September 2018. (Daniel Acker / Bloomberg Getty Imager / Getty Images)

Judicial documents, Joann recently shows that the chain is confronted with problems with the eliminating products. At the same time, the supply of spinning and sewing was unexpected, Joann's reputation, all threatened to fans of craftsmanship.

In January, the company began to close about 500 seats. A company spokesman said that they close Fox business, the value and longevity of the work of the compulsory work.

About 700 party party will be rented for urban space

Basket cards sits in a Jo-Ann Store LLC front window on September 19, 2018, Moline, Illinois, USA, USA. (Daniel Acker / Bloomberg Getty Imager / Getty Images)

“The future strategic compatibility and future strategic analysis for the company, which are the company that works as soon as possible,” said. “Our right-sized store is a critical part of our efforts to provide the best way to Joann.”

Joann's last announcement comes in a difficult year for the company. In March 2024, in March 11, chapter 11, in the 11th time prevented the closure of 800 seats.

Get the fox work on the way by clicking here

The client enters Jannn store in El Cerrito in the United States, US, the United States, US, the United States, USA, the United States, USA, USA, USA, USA in the United States. (David Paul Morris / Bloomberg / Getty Images)

Joann gift cards are allowed to use them by February 28. The remaining Joann stores will be focused over the next few weeks to block the shutdown, sellers, clients and breaks for employees.

Reuters and fox work 'Danielle Guide contributed to this report.