JoAnn Stores parent thinking about going public (again)

The parent of JoAnn Stores — the Hudson, Ohio-based retailer of arts, crafts and sewing supplies — is thinking about taking the company public again. JoAnn Inc., which had its first initial public offering in 1969, went private in 2011 after being acquired for $1.6 billion in cash by private equity firm Leonard Green & Partners in Los Angeles. In the last three years, JoAnn Inc. has substantially paid down debt; "refreshed" some of its stores with new branding, displays and merchandise; and…