When the original intellectual property auction for the remaining assets of the former sewing and craft chain Hancock Fabrics concluded, the winning bidder was a company called ADMACO, Inc. Who? That turned out to be an alias for Michaels, the nationwide craft supplies chain, which will take over the Hancock Fabrics trademarks, and the 10 million names on its mailing list. [More]
hancock fabrics
All Hancock Fabrics Stores Will Liquidate, Close
By 4.1.16
Back in February, the long-troubled craft store chain Hancock Fabrics filed for bankruptcy for the second time in a decade. This time, there will be no reorganization. The chain planned to close 70 stores and tried to find a buyer for the remaining 185 that would keep the open and preserve thousands of jobs across the country. The winning bidder in yesterday’s auction in bankruptcy court was Great American Group, a liquidator. [More]
Identity Thieves Victimize Hancock Customers In Several States
By 11.16.09
News reports are coming in from several states detailing a debit card identity theft scheme in which thieves steal debit card info and pin numbers, then withdraw money from customers’ accounts.
