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Jo-Ann Fabrics became a publicly held corporation traded on the American Stock Exchange under the name of Fabri-Centers of America, Inc. in 1969. The company made its first acquisition with the purchase of Cloth World, a 342-store southern company, in 1994. At the time of the acquisition, Fabri-Centers operated 655 stores. [4]
Schottenstein Stores Corp., based in Columbus, Ohio, is a holding company for various ventures of the Schottenstein family. Jay Schottenstein and his sons Joey Schottenstein, Jonathan Schottenstein, and Jeffrey Schottenstein are the primary holders in the company.
When the sale was finalized in July 2007, Golden Gate's stake in the company was 75% instead of the announced 67%. In May 2010, there was an initial public offering, On May 13, the company sold 16 million shares for $17 each, raising about $272 million. Shares had been planned to sell between $18 and $20 each.
On March 5, 2020, Art Van Furniture announced it would liquidate all of their company owned stores and file for chapter 11 bankruptcy. Barker Bros. – Los Angeles-based furniture store chain which was at one time the largest furniture store chain on the west coast for nearly a century before it filed for bankruptcy in 1992
In 1987, Federated acquired William H. Block Company of Indianapolis, Indiana (including Wren's, Springfield, Ohio) and Herpolsheimer's of Grand Rapids, Michigan from Allied Stores and incorporated them into Lazarus. (The Grand Rapids Lazarus stores, converted from the Herpolsheimer's name in late 1987, were shuttered in September 1990.)
It also acquired home furnishing manufacturer Lee Jofa in 1995 and fabric and upholstery maker GP & J Baker in 2001. To encompass this broader offering of products, in 2002, the company changed its name to Kravet Inc. In 2011, Kravet acquired prestigious fabric and upholstery maker Brunschwig & Fils in a bankruptcy auction for $9.655 million. [3]