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Industry News
Michaels acquired by Apollo Global in $5B deal
3/4/2021

Private equity firm Apollo Global Management will acquire Texas-based crafts and art supply retailer Michaels in a deal valued at $5 billion, or $22 per share. Michaels has about 1,250 stores in North America and it recovered quickly from store closures early in the pandemic as demand for arts and crafts projects soared.

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