Mary Vanac - HoustonNewMedia.org https://houstonnewmedia.org/author/mary-vanac/ Building "Bridges" Across the Bayou City! Mon, 24 Feb 2025 22:49:12 +0000 en-US hourly 1 https://wordpress.org/?v=6.9 https://i0.wp.com/houstonnewmedia.org/wp-content/uploads/2022/11/cropped-cropped-Houston.png?fit=32%2C32&ssl=1 Mary Vanac - HoustonNewMedia.org https://houstonnewmedia.org/author/mary-vanac/ 32 32 103504436 Joann Inc. to close all 800+ stores nationwide as liquidation begins https://houstonnewmedia.org/joann-inc-to-close-all-800-stores-nationwide-as-liquidation-begins/?utm_source=rss&utm_medium=rss&utm_campaign=joann-inc-to-close-all-800-stores-nationwide-as-liquidation-begins Mon, 24 Feb 2025 22:49:12 +0000 http://houstonnewmedia.org/?guid=d99cd8b8df548d513f1ff4af977f16fb All of Joann Inc.'s more than 800 fabric and craft stores nationwide — including nine in the Houston area — will be liquidated.

The post Joann Inc. to close all 800+ stores nationwide as liquidation begins first appeared on HoustonNewMedia.org.

The post Joann Inc. to close all 800+ stores nationwide as liquidation begins appeared first on HoustonNewMedia.org.

]]> 908452 Great American, lenders win bid for Joann Inc. assets in bankruptcy; liquidation looms https://houstonnewmedia.org/great-american-lenders-win-bid-for-joann-inc-assets-in-bankruptcy-liquidation-looms/?utm_source=rss&utm_medium=rss&utm_campaign=great-american-lenders-win-bid-for-joann-inc-assets-in-bankruptcy-liquidation-looms Mon, 24 Feb 2025 20:41:37 +0000 http://houstonnewmedia.org/?guid=d3bb66d342a0424a33afbca7f9b47cf5 Joann's new owners plan to discount "every item in every store" and to empty Joann's five distribution centers into the stores ahead of their closures.

The post Great American, lenders win bid for Joann Inc. assets in bankruptcy; liquidation looms first appeared on HoustonNewMedia.org.

The post Great American, lenders win bid for Joann Inc. assets in bankruptcy; liquidation looms appeared first on HoustonNewMedia.org.

]]> 908532 Joann Inc. assets head to auction in bankruptcy court https://houstonnewmedia.org/joann-inc-assets-head-to-auction-in-bankruptcy-court/?utm_source=rss&utm_medium=rss&utm_campaign=joann-inc-assets-head-to-auction-in-bankruptcy-court Fri, 21 Feb 2025 14:04:09 +0000 http://houstonnewmedia.org/?guid=4f8ff8fced60bf83b16a8341bf07d895 Joann's assets are being auctioned as the fabric retailer navigates its second bankruptcy filing in a year.

The post Joann Inc. assets head to auction in bankruptcy court first appeared on HoustonNewMedia.org.

The post Joann Inc. assets head to auction in bankruptcy court appeared first on HoustonNewMedia.org.

]]> 906816 Joann Inc. files for second bankruptcy, plans to sell assets https://houstonnewmedia.org/joann-inc-files-for-second-bankruptcy-plans-to-sell-assets/?utm_source=rss&utm_medium=rss&utm_campaign=joann-inc-files-for-second-bankruptcy-plans-to-sell-assets Thu, 16 Jan 2025 13:28:22 +0000 http://houstonnewmedia.org/?guid=218783ffe920aa5c59dbe58628530441 The parent of hundreds of Jo-Ann fabrics and craft stores nationwide filed for Chapter 11 bankruptcy protection again.

The post Joann Inc. files for second bankruptcy, plans to sell assets first appeared on HoustonNewMedia.org.

The post Joann Inc. files for second bankruptcy, plans to sell assets appeared first on HoustonNewMedia.org.

]]> 882950 Six Flags, Schlitterbahn parent expect merger to close soon https://houstonnewmedia.org/six-flags-schlitterbahn-parent-expect-merger-to-close-soon/?utm_source=rss&utm_medium=rss&utm_campaign=six-flags-schlitterbahn-parent-expect-merger-to-close-soon Fri, 21 Jun 2024 17:21:39 +0000 http://houstonnewmedia.org/?guid=816bd577301e2666e3c2b192760bef7e The deal will bring Galveston's Schlitterbahn waterpark and Houston's Hurricane Harbor Splashtown under a single corporate entity.

The post Six Flags, Schlitterbahn parent expect merger to close soon first appeared on HoustonNewMedia.org.

The post Six Flags, Schlitterbahn parent expect merger to close soon appeared first on HoustonNewMedia.org.

]]> 784891 Joann Inc. exits bankruptcy with the ‘strongest financial foundation in many years’ https://houstonnewmedia.org/joann-inc-exits-bankruptcy-with-the-strongest-financial-foundation-in-many-years/?utm_source=rss&utm_medium=rss&utm_campaign=joann-inc-exits-bankruptcy-with-the-strongest-financial-foundation-in-many-years Thu, 02 May 2024 15:59:32 +0000 http://houstonnewmedia.org/?guid=faaecfba8fe1e0aacf4cbb93fa4f920c Joann Inc. emerged from bankruptcy without reducing its retail footprint or employee head count.

The post Joann Inc. exits bankruptcy with the ‘strongest financial foundation in many years’ first appeared on HoustonNewMedia.org.

The post Joann Inc. exits bankruptcy with the ‘strongest financial foundation in many years’ appeared first on HoustonNewMedia.org.

]]> 762976 Joann Inc. expected to emerge from bankruptcy court ‘in the coming days’ https://houstonnewmedia.org/joann-inc-expected-to-emerge-from-bankruptcy-court-in-the-coming-days/?utm_source=rss&utm_medium=rss&utm_campaign=joann-inc-expected-to-emerge-from-bankruptcy-court-in-the-coming-days Mon, 29 Apr 2024 15:42:16 +0000 http://houstonnewmedia.org/?guid=96f43417f9785f129721ff9ab61f52cd Joann started its bankruptcy reorganization as a publicly traded company but ends the process as a "private company owned by certain of the company's financial stakeholders and industry parties."

The post Joann Inc. expected to emerge from bankruptcy court ‘in the coming days’ first appeared on HoustonNewMedia.org.

The post Joann Inc. expected to emerge from bankruptcy court ‘in the coming days’ appeared first on HoustonNewMedia.org.

]]> 760991 Fabric and crafts retailer Joann starts prepackaged bankruptcy restructuring https://houstonnewmedia.org/fabric-and-crafts-retailer-joann-starts-prepackaged-bankruptcy-restructuring/?utm_source=rss&utm_medium=rss&utm_campaign=fabric-and-crafts-retailer-joann-starts-prepackaged-bankruptcy-restructuring Tue, 19 Mar 2024 19:18:41 +0000 http://houstonnewmedia.org/?guid=5d1f6721681132f51c7530f65bad33c8 The parent of hundreds of Joann fabric and craft stores nationwide filed for Chapter 11 bankruptcy protection on March 18.

The post Fabric and crafts retailer Joann starts prepackaged bankruptcy restructuring first appeared on HoustonNewMedia.org.

The post Fabric and crafts retailer Joann starts prepackaged bankruptcy restructuring appeared first on HoustonNewMedia.org.

]]> 738100 Sale of TravelCenters of America to BP caps successful turnaround https://houstonnewmedia.org/sale-of-travelcenters-of-america-to-bp-caps-successful-turnaround/?utm_source=rss&utm_medium=rss&utm_campaign=sale-of-travelcenters-of-america-to-bp-caps-successful-turnaround Mon, 15 May 2023 22:54:26 +0000 http://houstonnewmedia.org/?guid=8752f24afc31511c1abdcf43e3c21a45 The acquisition of TravelCenters of America provides a "turbo-boost to (BP's) convenience and mobility business in the U.S."

The post Sale of TravelCenters of America to BP caps successful turnaround first appeared on HoustonNewMedia.org.

The post Sale of TravelCenters of America to BP caps successful turnaround appeared first on HoustonNewMedia.org.

]]> 597971 TravelCenters of America shareholders vote to approve BP acquisition https://houstonnewmedia.org/travelcenters-of-america-shareholders-vote-to-approve-bp-acquisition/?utm_source=rss&utm_medium=rss&utm_campaign=travelcenters-of-america-shareholders-vote-to-approve-bp-acquisition Thu, 11 May 2023 18:37:43 +0000 http://houstonnewmedia.org/?guid=3f8a3b394033c1a73c146acc256ec049 The shareholder approval of the BP deal came after TravelCenters leaders rejected a competing acquisition bid by Arko Corp. in Richmond, Virginia.

The post TravelCenters of America shareholders vote to approve BP acquisition first appeared on HoustonNewMedia.org.

The post TravelCenters of America shareholders vote to approve BP acquisition appeared first on HoustonNewMedia.org.

]]> 596280 TravelCenters moves forward with BP acquisition — here’s how much its top execs will get paid https://houstonnewmedia.org/travelcenters-moves-forward-with-bp-acquisition-heres-how-much-its-top-execs-will-get-paid/?utm_source=rss&utm_medium=rss&utm_campaign=travelcenters-moves-forward-with-bp-acquisition-heres-how-much-its-top-execs-will-get-paid Wed, 05 Apr 2023 01:42:20 +0000 http://houstonnewmedia.org/?guid=313f0d83815954e4437ce5d2600c3c23 In addition to approving the BP acquisition, TravelCenters shareholders will be asked to approve "golden-parachute" payments to some of the company's top executives.

The post TravelCenters moves forward with BP acquisition — here’s how much its top execs will get paid first appeared on HoustonNewMedia.org.

The post TravelCenters moves forward with BP acquisition — here’s how much its top execs will get paid appeared first on HoustonNewMedia.org.

]]> 576406