MJ Designs

MJ Designs

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MJ Designs

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Description:
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.

Products

MJ Designs sold a variety of arts and crafts products, floral products and arrangements, scrapbooking, custom framing, bisque, and hobby supplies such as dollhouse merchandise, miniature train sets, and decorations.

History

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Michael Dupey, a hard working young, enterprising businessman whom retail analysts would later hail as a "merchandising genius." He got his start in 1968 when he worked for City Product Corporation (Ben Franklin Stores). He converted one of the Ben Franklin Stores into arts and crafts. His father, James Dupey, purchased the Ben Franklin store for $72,000 from City Product Corporation. His father put Michael on a buyout contract to purchase the Ben Franklin store. The buyout stated that Michael had to pay his father back 1.2 million after 8 years, after taxes. In that period of time he changed the name to Michaels Arts & Crafts and paid his father back in 8 years.

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...
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