please help improve it or discuss these issues on the talk page . learn how and when to remove these template messages this article does not cite any sources . please help improve this article by adding citations to reliable sources . unsourced material may be challenged and removed . january 2012 learn how and when to remove this template message this article contains content that is written like an advertisement . please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view . january 2012 learn how and when to remove this template message learn how and when to remove this template message mj designs type defunct as of 2003 industry retail founded 1986 headquarters coppell texas key people michael j. dupey founder & chairman products retail arts & crafts scrapbooking home decor custom framing revenue n a number of employees n a website www.mjdesigns.com mj designs was an arts and crafts retail store in the dallas fort worth and washington d.c. areas . the company filed chapter 11 bankruptcy on december 13 2002 and went out of business in may 2003 . contents 1 products 2 history 3 references 4 external links products edit mj designs sold a variety of arts and crafts products floral products and arrangements scrap booking custom framing bisque and hobby supplies such as dollhouse merchandise miniature train sets and decorations . history edit michael dupey got his start in 1968 when he worked for city product corporation ben franklin stores . he converted one of these stores into an arts and crafts outlet after his father james dupey purchased it for 72 000 from city product corporation which included all of the outlets . the buyout stated that michael dupey had to pay his father back 1.2 million after taxes with the balance due after 8 years . in that period of time he changed the name to michaels arts & crafts and paid back his father s loan . in 1983 his father sold out the contracts to sam wyly . james dupey sold his son s contracts for the stores that were not paid for 100 % along with michael s cash deposits and his name michael s arts & crafts . james dupey told michael that the store name was registered under dupey management corporation michael dupey s corporation however it was not james dupey had registered it in his corporation dupey enterprises inc. michael worked with the new owner sam wyly . he gave michael the two michaels arts & craft stores in the dallas fort worth area in return for his son michael to help him build public company . sam operated michaels from 1983 till 1990 when it became involved in financial difficulty . michael dupey who at the time was operating his 24 unit mjdesigns chain was brought in as a special consultant . the public company was moving forward on all fronts with positive momentum . clarification needed the michaels chain comprised 140 stores by the end of 1990 with sales reaching 362 million and debt down from 34 million to 9 million after one year . michael worked as a consultant for michael s public company till 1999 . mj designs was formerly a part of michaels operating as michael s mj designs before the company split in the mid 1980s . the chain was named after the son mike dupey . the company split was caused by major disagreements between the father and son . clarification needed part of the court ruling was mike will get the stores in the dfw area and the east coast and rename them mj designs . james dupey held the austin and houston areas the court ruling stated they stay out of each other s territory for 7 years allowing both companies to grow without competition . in 1997 after the court ruling expired . mj designs first filed for chapter 11 bankruptcy in 1999 they closed all their stores in the northeast region which were in maryland new york georgia virginia and several other states . several other locations were shut down in dallas fort worth about this time . the remaining 9 stores were bought out by cardnell investors who reopened the dallas fort worth stores . mj designs filed for chapter 11 bankruptcy again on 13 december 2002 and closed its doors in may 2003 . citation needed references edit external links edit www.mjdesigns.com retrieved from https en.wikipedia.org w index.php title mj designs & oldid 672058264 categories defunct retail companies of the united statescompanies based in coppell texashidden categories articles lacking sources from january 2012all articles lacking sourcesarticles with a promotional tone from january 2012all articles with a promotional tonewikipedia articles needing clarification from april 2012all articles with unsourced statementsarticles with unsourced statements from january 2012 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 july 2015 at 23 43 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view