Michaels Stores

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Michaels Stores

COMPANY

Owner of craft stores: Michaels Arts and Crafts (900), Aaron Brothers Art Mart (165), ReCollections, and Star Decorators Wholesale (4). Acquired in 2006 by private equity firms Bain Capital and Blackstone Group, split half and half, for $6B.

Official Website:
http://www.michaels.com/

Industry:
Retail

Ticker:
NYSE:MIK (defunct)

Corporate headquarters:
Irving, TX

Sales:
$3.7B (2005)

Employees:
12,500

EXECUTIVES

Name Occupation Birth Death Known for

Brian C. Cornell Business c. 1960 CEO of Michaels Stores

Charles Wyly Business c. 1934 Billionaire, Michael's Stores

CURRENT BOARD MEMBERS OR DIRECTORS

Name Occupation Birth Death Known for

Joshua Bekenstein Business c. 1958 Bain Capital

Matthew S. Levin Naturalist c. 1966 Bain Capital

James A. Quella Business c. 1950 Blackstone Group

BOARD MEMBERS OR DIRECTORS

Name Occupation Birth Death Known for

Charles Wyly Business c. 1934 Billionaire, Michael's Stores

PAST BOARD MEMBERS OR DIRECTORS

Name Occupation Birth Death Known for

Cece Smith Business c. 1944 Phillips-Smith-Machens Venture Partners

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