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The Downfall of JOANN Fabrics
Taking a deep dive into what's behind the downfall of JOANN Fabrics. We'll be looking at the corporate retailer's leadership team, ex-CEO Wade Miquelon who has an interesting past, timeline of events, and reading your comments.
*Note: I did email JOANN's corporate communications contact early last week, but have not received a response.
*RESOURCES:*
https://investors.joann.com/
https://www.streetinsider.com/Corporate+News/JOANN+Inc+%28JOAN%29+Announces+Termination+of+Tom+Dryer%2C+VP+and+Controller/22169105.html
https://www.reuters.com/article/us-joann-leonardgreen/leonard-green-to-buy-jo-ann-stores-for-1-6-billion-idUSTRE6BM4HM20101223
https://www.forbes.com/sites/laurendebter/2021/03/12/joann-arts-and-crafts-retailer-ipo/?sh=6acbe1923d39
https://www.retaildive.com/news/joann-files-for-100m-ipo/595181/
https://www.marketwatch.com/story/joann-is-going-public-5-things-to-know-about-the-arts-and-crafts-retailer-ahead-of-its-ipo-11615395200
https://www.thestreet.com/retailers/beloved-big-box-retailer-faces-potential-bankruptcy
https://investors.joann.com/news-releases/news-release-details/joann-announces-retirement-president-and-ceo-wade-miquelon
https://investors.joann.com/static-files/ad89fdab-5672-4b30-9d3f-5ce8d2131d3e
https://www.sec.gov/Archives/edgar/data/1834585/000119312521043567/d14122ds1.htm#rom14122_18
https://www.salary.com/tools/executive-compensation-calculator/wade-miquelon-salary-bonus-stock-options-for-joann-inc?year=2023
https://www.retaildive.com/news/retailers-risk-bankruptcy-consumers-tighten-wallets-2022/632828/
https://en.wikipedia.org/wiki/Wade_Miquelon
https://investors.joann.com/management/wade-miquelon
https://www.retaildive.com/news/joann-ceo-wade-miquelon-retires/649872/
https://www.beaconjournal.com/story/business/2023/05/10/joann-president-ceo-wade-miquelon-retires-fabric-craft-store-hudson-headquarters/70202903007/
https://www.cbsnews.com/chicago/news/another-dui-arrest-for-walgreen-cfo/
https://www.chicagobusiness.com/article/20110422/NEWS07/110429943/walgreen-cfo-not-guilty-of-dui
https://www.wsj.com/livecoverage/elizabeth-holmes-trial-theranos/card/evshQk4OWb7DETqHVajB
https://www.nbcbayarea.com/news/local/former-walgreens-executive-testifies-in-elizabeth-holmes-fraud-trial/2681216/
https://youtu.be/upIWdC_Kf7Y?si=lIGxDojKwQgd3rvY
https://www.gawker.com/culture/the-walgreens-guys-are-the-best-part-of-the-dropout
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