AssetID: 53581034
Headline: Fabric and Craft Retailer Joann Files for Bankruptcy
Caption: The 81-year-old company made the announcement on March 18, CNN reports. The retailer has also secured $132 million in new funding to cut its debt in half. Joann's 850 stores and website will remain operational.
Keywords: Fabric,Craft,Retailer,Joann,Files,Bankruptcy,Funding,Cuts,Debt,Half,Remain,Stores,Website,Operational,Scott Sekella,Chief Financial Officer,Statement,Deslited,Stock,Privately,Owned,Nasdaq
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