Dossier
David Boone
Coverage of David Boone in the Nexus archive.
Apollo Global Managementorganization1Michaels Storesorganization1Party Cityorganization1JoAnn Fabricsorganization1Hobby Lobbyorganization1National Retail Federationorganization1Bloombergorganization1Michaelsorganization1TD Bankorganization1Andy Jassyperson1Amazonorganization1Canadian retailer Loblaw Companiesorganization1Portland, Maineplace1Torontoplace1
- How Apollo-owned Michaels turned two rivals’ bankruptcies into a growth strategy
Michaels Stores expanded its party supplies and fabric offerings by capitalizing on the bankruptcies of Party City and JoAnn Fabrics. The company rapidly implemented new services and inventory, leveraging its private equity ownership under Apollo Global Management to bypass public market scrutiny and accelerate decision-making.
- Michaels CEO tells young workers to stop daydreaming of success and ‘get moving, take some action, take some risk’
Michaels CEO David Boone advises young workers to take action and embrace risks to advance their careers, sharing his own journey of moving to the U.S. for a leadership role at TD Bank, which he credits for his eventual rise to CEO. He emphasizes that fortune favors proactive individuals over those who overanalyze or delay decisions.