The Michaels Companies, Inc. is an American company that is North America's largest provider of arts, crafts, framing, floral & wall décor, and merchandise for makers and do-it-yourself home decorators. The company was founded by Michael J. Dupey in Dallas, Texas. The Michaels Companies' corporate headquarters are located in Irving, Texas., The Michaels Companies, Inc. owns and operates more than 1,250 Michaels stores., In addition to operating stores, The Michaels Companies operate subsidiaries Aaron Brothers Custom Framing store-within-a-store, Artistree - a manufacturer of high quality custom and specialty framing merchandise; and Darice, a wholesale distributor to the craft, gift, and décor industry., As of August 2018, the company reported that in addition to its Michaels Stores brand, it produces over a dozen private brands including Recollections, Studio Décor, Bead Landing, Creatology and Ashland. , Michaels competitors include Hobby Lobby, Ben Franklin, Jo-Ann Stores, and several smaller chains. In November 2019, The Michaels Companies, Inc. announced that they would reopen up to 40 A.C. Moore stores after its bankruptcy and liquidation.