Who Owns JOANN?
Updated onExplore the ownership hierarchy of JOANN. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
JOANN
JOANN was a U.S.-based retail chain specializing in fabrics and arts-and-crafts supplies, founded in 1943 and now defunct, with its brand and website assets acquired and redirected by Michaels.
Michaels
Michaels is a privately held North American arts and crafts specialty retailer that operates over 1,300 stores in the U.S. and Canada and sells creative supplies and décor online at Michaels.com.
Apollo Global Management
Apollo Global Management is a global alternative asset manager and retirement services provider investing across credit, equity, and real assets for institutional and individual clients.
JOANN
JOANN was a U.S.-based retail chain specializing in fabrics and arts-and-crafts supplies, founded in 1943 and now defunct, with its brand and website assets acquired and redirected by Michaels.
Michaels
Michaels is a privately held North American arts and crafts specialty retailer that operates over 1,300 stores in the U.S. and Canada and sells creative supplies and décor online at Michaels.com.
Apollo Global Management
Apollo Global Management is a global alternative asset manager and retirement services provider investing across credit, equity, and real assets for institutional and individual clients.
Major Shareholders
JOANN
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
Entities affiliated with Leonard Green & Partners, L.P. (e.g., Green Equity Investors CF, L.P. and related funds) Leonard Green & Partners led a $1.6 billion leveraged buyout of Jo‑Ann Stores in 2011, taking the retailer private and effectively owning 100% of the equity through its acquisition vehicles. When JOANN Inc. returned to the public markets in March 2021, the company disclosed that entities affiliated with Leonard Green & Partners would retain a majority stake of roughly 69% of the common stock following the IPO, leaving the firm as JOANN’s controlling shareholder until all public equity was canceled in the April 30 2024 Chapter 11 restructuring. | Institutional | 69.0% | 69.0% | Mar 2021 |
Consortium of JOANN’s financial stakeholders and industry parties (post‑2024 reorganization owners) In JOANN’s first Chapter 11 case, the court‑approved Prepackaged Joint Plan of Reorganization provided that all existing common equity interests would be canceled, with no recovery for prior shareholders, and that reorganized JOANN would emerge as a private company owned by certain of the company’s financial stakeholders and industry parties—primarily secured lenders whose term‑loan debt was equitized. Combined, this lender and stakeholder group held essentially 100% of the new equity, although individual owner identities and percentages were not fully detailed in public summaries. This ownership structure was short‑lived: JOANN filed a second Chapter 11 in January 2025, sold substantially all operating assets to a partnership between GA Group and the company’s term‑loan agent, then confirmed a plan of liquidation under which the debtor entities entered wind‑down and ceased retail operations; JOANN’s intellectual property and private‑label brands were later sold to The Michaels Companies, but that transaction involved the brand and IP rather than continuing equity in the original JOANN corporate entity. | Institutional | 100.0% | 100.0% | Apr 2024 |
Michaels
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Funds managed by affiliates of Apollo Global Management, Inc. Investment funds managed by affiliates of Apollo Global Management, Inc. (including Apollo Management IX, L.P., via acquisition vehicle entities such as Magic AcquireCo, Inc.) acquired The Michaels Companies, Inc. in a take‑private transaction that closed in April 2021 and, as of at least October 2025, Michaels is still described as an Apollo‑backed/owned company. | Institutional | — | Oct 2025 |
Apollo Global Management
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Vanguard Group Inc. Largest institutional holder; Nasdaq 13F data for Q3 2025 shows Vanguard with about 47.4M Apollo shares, roughly 8.17% of shares outstanding, consistent with MarketScreener and WallStreetZen ownership tables. | Institutional | 8.2% | Sep 2025 |
Leon D. Black Apollo co‑founder. Amendment No. 8 to his Schedule 13D reports beneficial ownership of 38,996,048 shares, or about 6.8% of Apollo’s common stock as of July 18, 2025; a later Form 4 shows a sale of 915,000 shares on September 4, 2025, so his current stake is slightly lower (WallStreetZen estimates ~6.5%). | Founder | 6.8% | Jul 2025 |
Joshua Harris Apollo co‑founder. A Schedule 13D/A filed December 15, 2025 shows Harris beneficially owning 34,313,690 shares, representing about 5.9% of Apollo, based on 580,422,573 shares outstanding as of November 5, 2025. | Founder | 5.9% | Nov 2025 |
Marc Rowan Apollo co‑founder, CEO and Chair. A Schedule 13D/A filed in April 2025 reports that a December 11, 2024 amendment disclosed ownership of 34,332,816 shares, just under 6% of Apollo; MarketScreener shows him at roughly 5.9% of shares. | Founder | 5.9% | Dec 2024 |
BlackRock Inc. Global asset manager; Nasdaq 13F data for Q2 2025 shows BlackRock and affiliates holding roughly 33.8M Apollo shares (about 5–6% of the company), in line with WallStreetZen’s estimate of 5.83%. | Institutional | 5.8% | Jun 2025 |
Socrates Trust Family trust associated with Leon D. Black (successor to the “Heritage Trust u/a/d 11/12/2018”). Amendment No. 4 to its Schedule 13D (February 16, 2024) reported 32,643,280 shares (~5.8%); a Form 4 dated December 1, 2025 records the disposition of 3,000,000 shares, leaving 29,629,251 shares, or roughly 5.1% of Apollo. | Family | 5.1% | Dec 2025 |
Capital World Investors (Capital Research & Management Co.) Division of Capital Group; MarketScreener lists Capital World Investors with approximately 28.2M Apollo shares, around 4.86% of outstanding shares, making it one of the largest long‑only active owners. | Institutional | 4.9% | Jun 2025 |
Trust UA Heritage Trust vehicle shown in WallStreetZen’s 2025 ownership table with 26,643,280 Apollo shares (~4.59%); the name and share count closely track earlier SEC filings for the former “Heritage Trust u/a/d 11/12/2018” (now Socrates Trust), suggesting this is a founder‑family trust rather than a separate institutional investor. | Family | 4.6% | — |
FMR LLC (Fidelity) Parent company of Fidelity Investments; Nasdaq 13F data and WallStreetZen both show FMR holding about 24.7M Apollo shares, roughly 4.3% of the company. | Institutional | 4.3% | Jun 2025 |
Tiger Global Management LLC Hedge fund and investment manager; identified by WallStreetZen as owning 23,615,760 Apollo shares (about 4.07%), making it one of the largest hedge‑fund shareholders. | Institutional | 4.1% | — |
State Street Corporation Custody bank and asset manager; Nasdaq 13F holdings and MarketScreener data show State Street with roughly 19M Apollo shares, about 3.3% of outstanding shares. | Institutional | 3.3% | Jun 2025 |
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