<== Michaels Arts and Crafts ==>

Michaels

Michaels is a chain of Arts and Crafts stores that is over a thousand stores strong and employs over 12,000 people (wikipedia).

The chain traces its history to 1976 when Dallas businessman Michael J. Dupey opened his first store in Dallas, Texas. The stores had grown to $10M in sales when Illinois businessman Samuel Wyly bought controlling interest.

Michaels went public in 1984 and grew to $3B in sales by 2003. In 2006 a private equity partnership of Bain Capital and the Blackstone Group bought the store. The chain opened its thousandth store in 2008.

The web site sells arts and crafts supplies mixed in with a large selection of design and creative ideas.

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