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Foreign-owned

Is Michaels Stores Canadian?

No

This brand is owned by a foreign parent company.

What we found

US craft store chain. Owned by private equity firm Apollo Global Management since 2021 acquisition. Headquartered in Irving, Texas. CEO David Boone.

The receipt

VerdictForeign-owned
CategoryRetail
HQIrving, Texas
Confidencehigh
EvidenceSecondary source only
Sourcehttps://www.businesswire.com/news/home/20210303005582/en/The-Michaels-… secondary source — registry check pending
“The Michaels Companies entered into a definitive agreement to be acquired by funds managed by Apollo Global Management.”
Verdicts are only marked verified once a government registry record or corporate filing confirms them.

Canadian alternatives to Michaels Stores

Every brand below is listed as Canadian-owned in our registry.

BrandCategoryHQ LocationOwnership Check
DeserresCanadian hobby/craft store chainsBoucherville, QCView ownership →
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