Joan Fabrics, a nationwide retailer of crafts and clothes supply with over 800 stores in the United States, announced on Wednesday that it would shut down an unwarded numbers, including 10 in the connectivity. In a statement USA TodayJoan acknowledged the significant impact of this decision on its employees, customers and communities, describing it, describing it as “very difficult”.
While the company has not announced a specific closing date, its recent court filing indicates that they are ready to finalize the deals.
Jonal Stores Closing in Connecticut
All zoan outlets in the connecticut are ready to close, as indicated in filing in a court. The affected places include:
- Torrington – 39 South Main Saint
- Norwich – 117 Salem TPK.
- Soutington – 774 Queen St.
- Newington – 3105 Berlin TPKE.
- Milford – 1405 Boston Post RD.
- Hamden – 2300 Dixwell Avenue.
- Manchester – 1440 pleasant Valley RD.
- Enfield – 136 Elm St.
- Clinton – 274E Main St.
- Brookfield – 143 Federal RD.
Closure
Joan announced in January that if a strong acquisition bid was not safe in a year, if a strong acquisition bid was not safe, it could be out of business. The company first filed for bankruptcy in March 2024.
According to the Joan press release, the firm aims to secure $ 505 million debt reduction and secure $ 132 million in new funding. In his latest bankruptcy proceedings, Joan Inc. sought court approval to sell the business, with the Gordon Brothers Retail Partners LLC auction process.
