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In 1995, Michaels Stores acquired Aaron Brothers Holdings, Inc., a specialty framing and art supply store. By 1996, Michaels' sales reached $1.24 billion with 450 stores. [11] In 2006, two private equity groups, Bain Capital and the Blackstone Group, purchased Michaels Stores for $6 billion, taking it private. [12]
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The Michaels Companies, Inc. is an American retail holding company, headquartered in Irving, Texas.It was formed as a parent company of Michaels in 2014. As of 2021, The Michaels Companies operates its flagship brand, Michaels (in the United States and Canada), and Artistree, a manufacturer of custom and specialty framing merchandise.
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Fall is coming on strong — and the savings are coming with it, including 65% off a 17-piece cookware set for your holiday feasts. Walmart sales are full to bursting this week: Score a 50" TV for ...