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The Michaels Companies, Inc., based in Irving, US, is a retailer of arts, crafts, and do-it-yourself home decor supplies.
Founded in 1973 and based in Irving, Texas, US, The Michaels Companies, Inc., also known as Michaels, sells art supplies, crafts, beads, sewing, framing, floral, and seasonal merchandise for hobbyists and do-it-yourself decorators. Michaels Stores, Inc. raised USD 472 million in a June 2014 IPO on the Nasdaq under the ticker MIK. Apollo Global Management acquired the company from Bain Capital and Blackstone Group in April 2021 for an enterprise value of USD 5 billion. As of 2021 CEO Ashley Buchanan leads it, with more than 1,252 stores in the U.S. and Canada, and fiscal 2020 revenue was USD 5.3 billion.
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