What is hobby lobby owned by

·       Hobby Lobby: An Overview

Hobby Lobby is an American chain of retail arts and crafts stores founded in 1972. The company is known for its vast selection of arts and crafts supplies, home decor items, and seasonal merchandise. With over 900 stores in the United States, hobby lobby employee portalhas become a popular destination for DIY enthusiasts and creatives. Hobby Lobby agreed to pay a $3 million settlement and return over 5,500 ancient artifacts to the Iraqi government after it was revealed that the company had imported the artifacts without proper documentation and in violation of federal law.

·       Ownership of Hobby Lobby

Hobby Lobby is a privately owned company, with its headquarters located in Oklahoma City, Oklahoma. The company was founded by David Green, who started the business with just $600 in loans and a $50 loan from his mother-in-law. Today, Hobby Lobby is one of the largest privately owned arts and crafts retailers in the world, with over 40,000 employees. Hobby Lobby agreed to pay a $3 million settlement and return over 5,500 ancient artifacts to the Iraqi government after it was revealed that the company had imported the artifacts without proper documentation and in violation of federal law.

The Green family, who are devout Christians, are the sole owners of Hobby Lobby. The family’s religious beliefs have influenced many aspects of the company, including its operating hours (Hobby Lobby stores are closed on Sundays), its stance on certain controversial issues (such as the company’s opposition to the Affordable Care Act’s contraception mandate), and its investments (the Green family has made significant investments in biblical archaeology and biblical museums).

·       Philanthropy and Social Involvement

In addition to its business operations, the Green family and Hobby Lobby are known for their philanthropic endeavors and social involvement. The Greens have made substantial contributions to various Christian and conservative causes, including crisis pregnancy centers, biblical museums, and religious organizations. The company has also been a vocal advocate for religious freedom and has taken part in several high-profile court cases on the issue.

·       Hobby Lobby’s Controversies

Despite its popularity, Hobby Lobby has been the subject of several controversies over the years. One of the most notable controversies centered around the company’s opposition to the Affordable Care Act’s contraception mandate, which required employers to provide contraception coverage to their employees. Hobby Lobby argued that the mandate violated the company’s religious beliefs and took its case to the Supreme Court. In 2014, the Supreme Court ruled in favor of Hobby Lobby, stating that the contraception mandate violated the company’s religious freedom.

Another controversy involving Hobby Lobby centered around the company’s importation of ancient artifacts from Iraq. In 2017, Saeed web developerHobby Lobby agreed to pay a $3 million settlement and return over 5,500 ancient artifacts to the Iraqi government after it was revealed that the company had imported the artifacts without proper documentation and in violation of federal law.

Conclusion

Hobby Lobby is a privately owned arts and crafts retailer with a strong presence in the United States. The company is known for its vast selection of arts and crafts supplies, home decor items, and seasonal merchandise, as well as its religious and conservative affiliations. Despite controversies surrounding its opposition to the Affordable Care Act’s contraception mandate and its importation of ancient artifacts from Iraq, Hobby Lobby remains a popular destination for DIY enthusiasts and creatives.