Joann Inc., 829 Store Chain Files Bankruptcy

HUDSON, OH—JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), has entered into a Transaction Support Agreement (“TSA” or “Agreement”) with a majority of its financial stakeholders and additional industry financing parties to strengthen its financial position. In connection with the TSA, the Company has received commitments for approximately $132 million in new financing and related financial accommodations and expects to...