2021 IPO
In March 2022, Jo-Ann acquired WeaveUp, a digital printing textile platform. As a leading provider of fabrics and sewing supplies, this platform allows the company to be at the cutting edge of textile technology. WeaveUp’s SaaS platform offers a wide array of modules that include design management, product customization, licensing, and commission management. The platform also allows for prototyping, sampling and short run production previously unavailable to traditional textile operations. The acquisition provides WeaveUp with more resources to further develop its platform, enhancing the capabilities of digital printing.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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