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The Michaels Companies is a private retail holding company that owns Michaels, a chain of arts and crafts stores in the US and Canada. It also owns Artistree, a custom framing business, and was taken private by Apollo Global Management in 2021.
Michaels is a privately held chain of American and Canadian arts and crafts stores, founded in 1973. It is part of The Michaels Companies, which also operates Aaron Brothers, Artistree, and several private brands.
Michels Corporation is a family-owned company based in Brownsville, Wisconsin, that performs energy and infrastructure construction projects worldwide. Founded in 1959, it has expanded its services to include pipelines, power, utilities, foundations, transportation and more.
Michaels Companies (MIK) is doing well, driven by store growth and omni-channel initiatives. These significantly aid its top and bottom lines, positioning it for more growth ahead.
The Michaels (MIK) Q4 results are likely to reflect gains from omni-channel capabilities, marketing strategy and Maker-centric branding. Higher SG&A expenses are likely to have hurt.
Rating Action: Moody's assigns Michaels Companies a B1 CFR based on proposed financing and sale to ApolloGlobal Credit Research - 31 Mar 2021New York, March 31, 2021 -- Moody's Investors Service ...
Ashley Buchanan is an American business executive and the CEO of The Michaels Companies. He previously worked at Walmart, Bank of America and Dell Computers, and is also a director of TreeHouse Foods.
The arts and crafts supply retailer will reinvest its tax breaks in long-term growth ideas, starting with a simplified business model for its framing services.