Crafts Retailer Joann Engages Advisers Amid Liquidity Pressures

Joann Inc. is working with advisers to help shore up its balance sheet and ease liquidity pressures, less than a year after the fabric and crafts retailer emerged from bankruptcy, according to people with knowledge of the situation.

The privately-held chain is working with Centerview Partners and Kirkland & Ellis, said the people, who asked not to be identified discussing a private matter. A group of lenders to the company is working with Gibson Dunn & Crutcher, said other people with knowledge of the matter.

A representative for Joann declined to comment, while messages left with Centerview, Kirkland ...