(CNN) – Michaels is jumping into the void left by the collapse of Joann Fabrics. Michaels announced it is buying the fabric retailer’s private label and drastically expanding its sewing selection.

Michaels has acquired the intellectual property and private label brands of Joann Fabrics, which recently declared bankruptcy. This acquisition includes popular Joann brands like Big Twist and expands ...

Trying to fill the void left by the closure of the Joann stores, the craft chain Michaels has announced a new “shop-in-shop” concept focused on sewing and knitting. Related Articles Best Buy refused ...