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In the Midwest and Northeast, it bought Leewards Creative Crafts, a 101-unit store chain. [10] 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 ...
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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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