GA Group, an ‘asset disposition’ company, has emerged as the winning bidder of the beloved crafts retailer, which will wind down operations after 82 years. Fabric and craft retailer Joann Inc. is officially shutting down all of its stores following a turbulent bankruptcy process.

Joann, the fabrics and crafts retailer, announced it will close all of its remaining stores, following roughly a year of financial turbulence. After filing for Chapter 11 bankruptcy last month for the second time in under a year, Joann is going out of business and will shut down all 800 of its stores nationwide.