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Michaels IPO Moves Closer to Fruition

Michaels thumbnailMichaels Stores, in a filing with the SEC today, moved a major step closer to completing its long-awaited IPO.

In the amendment to its new IPO registration that was filed in December 2013, the company revealed two major new components of its IPO plans. The amended Michaels IPO filing indicates that the NASDAQ will be the market for the Michaels stock issue, and that the company has been issued code MIK by the exchange. No date or initial offering price has been set for the IPO.

The company is planning an IPO of approximately $500 million in common stock.  This will allow current private equity owners Bain Capital and Blackstone Group to cash out of their investment in the company, which they’ve held since 2006. The equity companies have been trying to cash out of their Michaels investment with an IPO since March 2012; however, their IPO plans have been repeatedly set back by a series of problems for the company. Michaels was once again beset by woes in 2014 when it was confirmed that the company was the victim of a sophisticated cyber attack that breached the security of credit card data. The company has made some positive strides, however – most recently with the launching of their online store. Continue Reading →

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Update | 4.28.2014 – Graphic45 Halloween, Pink Paislee digital, New SImple Stories

Here in Florida, spring is over and the summer heat is upon us while the rest of the country enjoys beautiful spring days. This is when you pay us all back for our beautiful winters!

Lots of mid-season releases are rolling in…let’s take a look at a few!

I’m pretty sure that Graphic45 wins the prize for the earliest release of a Halloween collection in 2014. Their new collection “An Eerie Tale” will be shipping to stores in May, featuring traditional black, orange, green and purple with their signature detailed vintage look:

Graphic45 An Eerie TaleIn addition to the Graphic45 Halloween line, the company is also debuting a travel-themed collection called “Come Away With Me”. That collection will feature shades of blue, coral and brown with motifs for all different modes of travel, heavily featuring maps and vintage transportation modes. Continue Reading →

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Create Wearables with your Silhouette! [Giveaway Alert]

Heads up, Scrapbook Update readers! How would you like to win a Silhouette Portrait machine? If so…head on over to our sister site Craft Critique, where there is a giveaway going on!

You’ll also get a look at some ideas of what you can do with your Silhouette machine and the Silhouette iron-on materials to make some fun wearables for the littlest fashion plates in your life!

SIlhouette Baby Onesie Continue Reading →

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Surfers for Autism Mini Album

Some projects just take time to marinate. This mini book was started probably five? years ago…I fell in love with this album and the Mudd Puddles sand textured medium and knew I wanted to make an album out of them together, but didn’t know what I wanted to do with it!

I applied the sand texture, did all the backgrounds on the chipboard pages – and hit a wall. The album was so beautiful and I didn’t have a purpose for it. None of my pictures seemed worthy of this beautiful piece of art – until our family found Surfers for Autism.

Surfers for Autism mini albumI don’t often turn this site into a platform for my personal causes but April is Autism Awareness Month. Many of my readers are already familiar with my daughter Bridget, who is almost 11 years old. Bridget was diagnosed with autism at 2.5 years old. Continue Reading →

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Michaels Credit Card Data Breach Confirmed

Michaels thumbnailMichaels Stores confirmed yesterday that 2.6 million customer credit cards (approximately 7% of cards used during the affected period) were compromised in a credit card data breach that extended from May 2013 until January 2014. Another 400,000 cards were compromised at Aaron Brothers, a Michaels Stores subsidiary.

The company had warned of a possible data breach in late January, and indicated at that time it was working with the U.S. Secret Service to investigate what it called “a pattern of fraud activity” on credit cards that had links to Michaels Stores.

The Michaels credit card data breach affected point-of-sale systems at a limited number of Michaels Stores between May 8th, 2013 and January 27th, 2014. Not all locations were affected for the entire window. My local store in Palm Coast, Florida, for example, is listed as only being affected from May 8th-July 29th, 2013. The list of affected Michaels Stores, and the dates the individual stores were affected, can be viewed on their website. Continue Reading →

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Update | 4.18.2014 – Tombow, Craftsy, Crate Paper, Our Daily Bread, more

Spring is coming, and the press releases are suddenly popping up like spring tulips in my inbox! Here’s the latest and greatest that is happening around the industry!

American Tombow, popular among many scrapbookers for its Mono Adhesive line and for its markers, has announced that it donated $10,000 in product to the national non-profit Council for Art Education during the recent 2014 National Art Education Association (NAEA) National Convention in San Diego.

The donation was part of Tombow’s “100 Days of Tombow” campaign that was launched in March 2013 to mark its centennial year in business by promoting crafts education through the work of 90 art, craft, mommy and scrapbook bloggers.

“100 Days of Tombow was started with the goal to show our gratitude to the arts and crafts community by supporting its art education efforts,” said Jeff Hinn, president of American Tombow. “With great thanks to our blogger participants and the great people at CFAE, we were able to successfully make that promise come to fruition.” Continue Reading →

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