How Michaels Became an Unlikely Success

Michaels, an arts and crafts retailer, has expanded its business operations and customer base. The company operates thousands of stores across North America and sells craft supplies, home decor items, and art materials. Michaels went public in 2014 and was later acquired by Apollo Global Management in 2021 for approximately $5 billion. The company has reported revenue in the billions of dollars in recent years.

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