The Michaels Companies

The Michaels Companies, Inc.
Company typePrivate
Industry
Founded2014; 10 years ago (2014) [1]
FounderMichael J. Dupey
HeadquartersIrving, Texas, U.S.
Number of locations
1,252 (US, Canada) (January 2021)[2]
Key people
Ashley Buchanan (CEO)[3]
ServicesMerchandise for makers and do-it-yourself home decorators
RevenueIncrease US$5.271 billion (2020)[2]
Increase US$533.54 million (2020)[2]
Increase US$294.9 million (2020)[2]
Total assetsIncrease US$4.528 billion (2020)[2]
Total equityIncrease US$−1.197 billion (2020)[2]
OwnerApollo Global Management
Number of employees
45,000 (2019)[2]
Subsidiaries
  • Michaels
  • Artistree
  • Aaron Brothers Custom Framing
WebsiteThe Michaels Companies

The Michaels Companies is an American retail holding company, headquartered in Irving, Texas. It was formed as a parent company of Michaels in 2014. As of 2021, The Michaels Companies operates its flagship brand, Michaels (in the United States and Canada), and Artistree, a manufacturer of custom and specialty framing merchandise. There are over 1,252 arts and crafts stores located in the United States and Canada.

  1. ^ Alden, William (June 26, 2014). "Michaels I.P.O. Prices at $17, at Low End of Range". The New York Times. Retrieved January 17, 2019.
  2. ^ a b c d e f g "Form 10-K Michaels Companies, Inc". sec.report. March 9, 2021. Retrieved March 7, 2022.
  3. ^ "Michaels Company Profile". fortune.com. 13 June 2018. Retrieved 2022-01-22.