Retail News

Michaels Looks to IPO Following Strong Quarter

Fort Worth Star-Telegram 03/13/2013

Michaels, the nation’s largest arts and crafts retailer, is looking at filing an initial public offering after posting a 15 percent increase in profits in the company’s fourth quarter. The chain, which was taken private by Blackstone Group and Bain Capital in a leveraged buyout, pulled plans to file an IPO last year.

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