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Michaels CEO Resigns to Focus on Recovery

Michaels Stores said John Menzer has resigned as CEO in order to focus on his recovery from a stroke he suffered in April.

 

DealBook: Michaels Stores Readies for an I.P.O.

Michaels Stores

Michaels Stores, the arts and crafts retailer owned by the Blackstone Group and Bain Capital, plans to file to go public as soon as next week, in what could be one of the biggest initial public offerings of the year.

 

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