The Michaels Companies, Inc. is an American company that is one of North America's largest provider of arts, crafts, framing, floral and 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 1973, Dallas businessman Michael J. Dupey founded Michaels in Dallas, Texas. In 1982, Dallas businessman Sam Wyly bought a controlling interest in the company, when there were 11 outlets with annual revenues around $10 million. After the sale, Dupey founded MJ Designs, which was later bought out by The Michaels Companies.
