Is Michaels owned by Hobby Lobby?

Excuse me, could you please clarify for me the ownership structure behind Michaels? Specifically, I'm wondering if Michaels, the popular arts and crafts retailer, is actually owned by Hobby Lobby, another well-known chain in the same industry? I'm interested in understanding the corporate relationships and potential connections between these two companies. Is there any official statement or documentation that confirms or denies this ownership link? Thank you for your help in clarifying this matter.