MINNEAPOLIS, MN / ACCESSWIRE / January 6, 2025 / Mill City Ventures III, Ltd. (NASDAQ:MCVT), a non-bank lender and specialty finance company, announced today its partial funding commitment of a $3 million aggregate loan commitment with a fast-growing Twin Cities-based operator of senior care facilities.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
The workers' union hopes that adding employees at the Staten Island warehouse to a protest started by delivery drivers will increase pressure on Amazon.
Party City, which has been struggling since the COVID-19 pandemic, filed for Chapter 11 bankruptcy protection in the United States on Saturday for the second time in two years as it plans to wind down its retail and wholesale operations.
Party supplies retailer Party City is permanently shutting down, CNN reported Friday. Its retail footprint in North America spans over 700 company-owned and franchised stores.
Party City, the largest party supply store in the United States, is going out of business and closing down all of its stores, CNN reported.
Party City on Friday announced it will close all of its stores and has initiated corporate layoffs effective immediately, according to a CNN report. CNN reported the company's closure was due to ongoing financial challenges at the party supply retailer, which less than two years ago filed for bankruptcy over its inability to pay off $1.7 billion in debt.
City Office: Cash Flow Growth, Proven Strategy, And Extremely Undervalued
City Office REIT trades at a remarkably cheap 3.2x annualized fiscal 2024 third-quarter free cash flow, with a 31% free cash flow yield on market cap. Despite a high debt load, CIO's free cash flow comfortably covers its dividends, with a 6.8% yield for common shares and 8.3% for preferreds. CIO's portfolio is 83.4% occupied, set to rise to 87%, with strong leasing momentum and manageable lease expirations supporting future occupancy gains.
Party City has faced growing competition from powerhouse retailers such as Walmart and Target, and increasingly occasion-based pop-up stores such as Spirit Halloween for years.
Party City Holdco Inc is planning a second bankruptcy filing nearly two years after it filed for one in the U.S. as it runs out of cash to run operations, Bloomberg News reported on Tuesday.
TRNO's buyout of industrial property in Long Island City Queens, NY, and recent developments come as part of its portfolio expansion efforts.