Michaels was founded in 1973 by Michael J Dupey in Dallas, Texas.
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11 Facts About Michaels
2.
Michaels is part of The Michaels Companies, founded in 2014 and headquartered in Irving, Texas.
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3.
Michaels develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Decor, Bead Landing, Creatology and Ashland.
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4.
In 1995, Michaels Stores acquired Aaron Brothers Holdings, Inc, a specialty framing and art supply store.
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5.
In May 2007, Martha Stewart and Michaels launched "Martha Stewart Crafts, " an online resource for home "do-it-yourselfers" with how-to instructions, projects, and crafting products.
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6.
In 2010, Michaels began a partnership with Chef Duff to feature the Duff Goldman Collection in its stores.
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7.
Reuters further reported that Michaels posted earnings before interest, income taxes, depreciation and amortization of $661 million in 2011 and had total debt of $3.
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8.
In June 2014, Michaels became a public company under newly formed parent The Michaels Companies.
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9.
The stores were taken private in April 2021, when parent The Michaels Companies was acquired by venture capital firm Apollo Global Management.
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10.
Michaels Stores sell a variety of arts and crafts products, including scrapbooking, beading, knitting, rubber stamping, home decor items, floral items, kids' crafts, paints, framing, greenery, baking and many seasonal items.
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11.
Company develops over a dozen private brands sold in Michaels stores, including Recollections, Studio Decor, Bead Landing, Creatology and Ashland.
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