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...Jo-Ann Stores was advised by Centerview Partners and JPMorgan....
...Last week, Leonard Green bought Jo-Ann Stores, a fabric and crafts retailer, for about $1.6bn in cash, and the month before it participated in a buy-out of clothing chain J Crew....
...“We are seeing a lot of sweaters in bright colours and geometric patterns coming through from many designers,” says Richard Johnson, men’s wear buying manager at upmarket department store Harvey Nichols...
...Among companies due to report quarterly results on Wednesday were retailer Jo-Ann Stores and TV technology company TiVo....
...Shares in Jo-Ann Stores sank 19.7 per cent to $16.54 after the fabric and crafts retailer lowered its 2008 guidance because of softening consumer spending....
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