 In September 1998, the company changed its name to "Jo-Ann Stores Inc.", and all of its stores were renamed "Jo-Ann Fabrics".In 2006, Darrell Webb became Chairman and CEO of Jo-Ann Fabrics.On December 23, 2010, Jo-Ann Stores announced plans to sell out to private equity firm Leonard Green for $1.6 billion and was delisted from the stock exchange in March 2011.