When was Michaels founded?

Michaels was founded in 1973 and raised its 1st funding round 36 years after it was founded.

Where is Michaels located?

Michaels is headquartered in Irving, United States. It is registered at Irving, Texas.

How many employees does Michaels have?

As of May 31, 2026, the latest employee count at Michaels is 18394.

Is Michaels a funded company?

Michaels is a funded company, having raised a total of $10M across 2 funding rounds to date. The company's 1st funding round was a $***** Series B round, raised on Jun 2009.

When was the latest funding round of Michaels?

Michaels' latest funding was a $***** Conventional Debt round on Jul 16, 2019, with participation from 9 investors. Its primary sector is Retail Chains. In United States, the Retail Chains sector has seen $15M in funding in 2026 to date.

Where does Michaels rank among its competitors?

Michaels ranks 2nd amongst 11 active competitors, none of which are funded.

Who are the top competitors of Michaels?

Michaels' top competitors include Party City, Sotheby's and Hobby Lobby. Among them, Sotheby's secured the most recent funding round in October, 2019.

Michaels - 2026 Company Profile, Team, Funding & Competitors

Michaels is an acquired company based in Irving (United States), founded in 1973 by Michael Dupey. It operates as an Art and craft retail chain. Michaels has raised $10M in funding. The company has 11 active competitors, including 4 that have exited. Its top competitors include companies like Party City, Sotheby's and Hobby Lobby.

Company Details

Michaels owns and operates more than a 1,000 stores in US and Canada. It sells more than 40,000 products including art and hobby supplies, decor, frames, needlecraft kits, party supplies, seasonal products, and silk and dried flowers. It also operates about 155 Aaron Brothers stores in Texas and 10 other states, which provide framing and art supplies. The retailer's Artistree subsidiary manufactures frames and molding for Michaels and Aaron Brothers stores. Michaels Stores was taken private in 2006 by the investment firms Bain Capital Partners, LLC, and The Blackstone Group. In 2017 the company recorded annual revenues of $5.19B, and a net profit of $0.37B.

Social
Registered Address: Irving, Texas

Key Metrics

Founded Year

1973

Location

Irving, United States

Stage

Acquired

Total Funding

$10M in 2 rounds

Latest Funding Round

Conventional Debt, Jul 16, 2019, $*****

Investors

SunTrust Robinson Humphrey & 9 more

Ranked

2^nd among 11 active competitors

Employee Count

18,394 as on May 31, 2026

Similar Companies

Party City & 22 more

Exit Details

Acquired by Apollo Global Management (Mar 03, 2021)

View Michaels' full profile

Michaels is associated with 4 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
MICHAELS STORES, INC. CIN: 751943604 , United States, Active	Dec 26, 999	-	27613 (As on Dec 31, 2024)	-
MICHAELS COMPANIES, INC. CIN: 1593936 , United States, Active	Jul 16, 2013	$1B+ (As on Jan 31, 2021)	-	-
THE CROSSROADS VILLAGE, INC. CIN: 740670 , United States, Deadpooled	Nov 01, 1977	$1B+ (As on Jan 31, 2014)	-	-
MICHAELS, INC. CIN: 60871968 , United States, Active	Dec 26, 999	-	43 (As on Dec 31, 2024)	-

Michaels got acquired by Apollo Global Management on Mar 03, 2021.

Click here to take a look at Michaels's acquisition in detail

Michaels has raised a total funding of $10M over 2 rounds. Its first funding round was on Jun 2009. Its latest funding round was a Conventional Debt round on Jul 16, 2019 for $*****. 9 investors participated in its latest round. Michaels has 10 institutional investors.

Here is the list of recent funding rounds of Michaels:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 16, 2019	8971520	Conventional Debt	3316554	2095971	2726295	6618040
Jun 2009	7537153	Series B	7240407	9204344	6692430	7291741

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View details of Michaels's funding rounds and investors

The founders of Michaels is Michael Dupey. Ashley Buchanan and Carl Rubin are the CEOs of Michaels.

Here are the details of Michaels' key team members:

Michael Dupey: Former Founder of Michaels.
Ashley Buchanan: CEO of Michaels.

View details of Michaels's Founder profiles and Board Members

Michaels' employee count trend

Michaels has 18,394 employees as of May 26. Here is Michaels's employee count trend over the years:

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Top competitors of Michaels include Party City, Sotheby's and Hobby Lobby. Here is the list of Top 10 competitors of Michaels, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Party City 1986, Rockaway (United States), Acquired	Internet first brand of party supplies	$10M	Weston Presidio, Cohesive Capital & 1 others	75/100
2nd	Michaels 1973, Irving (United States), Acquired	Art and craft retail chain	$10M	SunTrust Robinson Humphrey, Morgan Stanley ... & 8 others	67/100
3rd	Sotheby's 1744, New York City (United States), Acquired	Fine art auction house	-	BNP Paribas, Taikang Insurance Group & 1 others	63/100
4th	Hobby Lobby 1972, Oklahoma City (United States), Funding Raised	Retailer of arts, crafts, and home decor supplies	-	TD Bank, Gen Cap America	52/100
5th	Jo-Ann Stores 2008, Cleveland (United States), Public	Retailer of fabrics, sewing supplies, and craft materials	-	Saints Capital	45/100
6th	Jerry's Artarama 1968, Raleigh (United States), Unfunded	Provider of art supplies, custom framing, and educational resources	-	-	23/100
7th	Flaxart 1938, Oakland (United States), Unfunded	Retailer of art supplies and related materials	-	-	21/100
8th	Art Classics 2002, Clinton (United States), Unfunded	Retailer of art, including prints, photography, and decorative wall art	-	-	21/100
9th	Beverly Fabrics 1968, Aptos (United States), Unfunded	Retailer of fabrics and crafts supplies	-	-	20/100
10th	The Wood Connection 1980, Murray (United States), Unfunded	Chain of wood crafts and supplies for every season and holiday	-	-	17/100