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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

NameOccupationBirthDeathKnown 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

NameOccupationBirthDeathKnown 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

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

PAST BOARD MEMBERS OR DIRECTORS

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


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