Wuollet Bakery closes flagship Minneapolis store amid legal troubles
Saturday marked the bakery's last day open. The building, located at 3608 West 50th Street, has been sold, according to the bakery's announcement. Wuollet, which offers specialty cakes and other baked goods, has been in business for more than 75 years.
'We want to thank all of our loyal customers, especially those who live in this neighborhood, for your years of support and encouragement,' the announcement reads.
According to an eviction lawsuit filed by the landlord for the building last month, the bakery had not paid rent since Oct. 31 and was delinquent on $151,805 in payments.
In September, the landlord notified Wuollet that it was terminating the bakery's tenancy on Oct. 31. But the bakery continued to operate out of the Minneapolis location past that deadline, according to the lawsuit.
In October, Illinois-based Byline Bank sued the Wuollet companies and owner Eric Shogren in Hennepin County and Anoka County after allegedly defaulting on more than $1.3 million in loans.
Shogren told the Minnesota Star Tribune that the company would make 'changes' as part of a 'restructuring' but was not going out of business.
The bakery also closed its doors in Wayzata, Hastings, St. Paul and downtown Minneapolis between May and November amid multiple eviction proceedings.
Existing orders at the flagship can still be picked up this weekend. Wuollet also says it will coordinate free delivery orders for customers on those orders.
Plans to open 'Wuollet 2.0" in Edina are in the works.
Wuollet will continue to operate stores in Robbinsdale and Minneapolis. Wuollet also operates A Baker's Wife in Minneapolis and Hans' Bakery in Anoka.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Net Asset Value Restatement for Innovator International Developed Power Buffer ETF™- August (NYSE Arca: IAUG)
WHEATON, Ill., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Innovator Capital Management, LLC (Innovator) announces that the net asset value (NAV) per share of the Innovator International Developed Power Buffer ETF™ (NYSE Arca: IAUG) for July 31, 2025, was adjusted by the amount indicated below on August 1, 2025. This adjustment is a result of an error in calculating IAUG's NAV. Fund Ticker Revised NAV (07/31/25) Original NAV (07/31/25) Change (%) Innovator International Developed Power Buffer ETF™ - August IAUG $26.8926 $27.1896 -1.09% This is a one-time adjustment, and Innovator does not expect additional changes. For more information on IAUG, please visit The Fund's investment objectives, risks, charges and expenses should be considered before investing. The prospectus and summary prospectus contains this and other important information, and it may be obtained at Read it carefully before investing. Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Thor Metals Group: Best Overall Gold IRA American Hartford Gold: #1 Precious Metals Dealer in the Nation About Innovator Capital Management, LLC Innovator was established in 2017 by Bruce Bond and John Southard, founders of the PowerShares ETF lineup that has grown to be the fourth largest in the world. The listing of three Innovator Buffer ETFs™ in August 2018 marked the launch of the world's first Defined Outcome ETFs™. Innovator is dedicated to providing ETFs with built-in risk management that offer investors a high level of predictability around their investment outcomes. The following marks: Accelerated ETFs®, Accelerated Plus ETF®, Accelerated Return ETFs®, Barrier ETF®, Buffer ETF™, Defined Income ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs™, Defined Protection ETF®, Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®, Leading the Defined Outcome ETF Revolution™, Managed Buffer ETFs®, Managed Outcome ETFs®, Step-Up™, Step-Up ETFs®, 100% Buffer ETFs™ and all related names, logos, product and service names, designs, and slogans are the trademarks of Innovator Capital Management, LLC, its affiliates or licensors. Use of these terms is strictly prohibited without proper written authorization. Contact: Frank Taylor / Stephanie Dressler (646) 808‑3647 / (949) 269‑2535 innovator@ Investing involves risk. Loss of principal is possible. Innovator ETFs are distributed by Foreside Fund Services, LLC. Copyright © 2025 Innovator Capital Management, LLC. All rights reserved. 800.208.5212Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hamilton Spectator
an hour ago
- Hamilton Spectator
ThreeD Capital Inc. Completes Private Placement Financing
TORONTO, Aug. 01, 2025 (GLOBE NEWSWIRE) — ThreeD Capital Inc. ('ThreeD' or the 'Company') (CSE:IDK / OTCQX:IDKFF) a Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors, is pleased to announce that it has closed its previously announced private placement financing (the 'Private Placement') pursuant to which it has issued an aggregate of 11,600,000 units ('Units') of the Company in exchange for total gross proceeds of $696,000, or $0.06 per Unit. Each Unit issued as part of the Private Placement is comprised of one common share and one common share purchase warrant (a 'Warrant'). Each whole Warrant entitles the holder thereof to acquire one common share of the Company at an exercise price of $0.15 per common share for a period of 60 months. No commission or finders' fees were paid as part of the Private Placement. All securities issued and issuable in connection with the Private Placement will be subject to a four-month and a day hold period expiring on December 2, 2025. In connection with the Private Placement, management and directors of the Company (collectively the 'Insiders'), purchased a total of 11,600,000 Units. Insiders' participation in the Private Placement constitutes a 'related party transaction' pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ('MI 61-101'). The Company is relying on the exemption from the valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the Insiders' participation in the Private Placement does not exceed 25% of the market capitalization of the Company. About ThreeD Capital Inc. ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the junior resources and disruptive technologies sectors. ThreeD's investment strategy is to invest in multiple private and public companies across a variety of sectors globally. ThreeD seeks to invest in early stage, promising companies where it may be the lead investor and can additionally provide investees with advisory services and access to the Company's ecosystem. For further information: Matthew Davis, CPA Chief Financial Officer and Corporate Secretary info@ Phone: 416-941-8900 The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof. Forward-Looking Statements This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as 'forward-looking statements') within the meaning of Canadian securities laws including, without limitation, statements with respect to the future investments by the Company. All statements other than statements of historical fact are forward-looking statements. Undue reliance should not be placed on forward-looking statements, which are inherently uncertain, are based on estimates and assumptions, and are subject to known and unknown risks and uncertainties (both general and specific) that contribute to the possibility that the future events or circumstances contemplated by the forward-looking statements will not occur. Although the Company believes that the expectations reflected in the forward looking statements contained in this press release, and the assumptions on which such forward-looking statements are made, are reasonable, there can be no assurance that such expectations will prove to be correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause the Company's actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.
Yahoo
an hour ago
- Yahoo
Cardboard cartel? Lawsuit accuses containerboard manufacturers of price fixing
This story was originally published on Packaging Dive. To receive daily news and insights, subscribe to our free daily Packaging Dive newsletter. Dive Brief: Containerboard producers are being hit with a class-action antitrust lawsuit accusing them of creating a 'cartel' and engaging in price collusion to boost profits at the expense of customers, as first reported by Bloomberg Law. On Tuesday, Artuso Pastry Foods Corp. filed the complaint in federal court in Illinois against entities including Cascades, Georgia-Pacific, Graphic Packaging International, Greif, International Paper, Packaging Corporation of America, Pratt Industries and Smurfit Westrock over a series of seven price increases from November 2020 to the present. Artuso Pastry is requesting that plaintiffs receive treble damages, an amount three times the damages eventually awarded by the court. It also seeks injunctive relief, in which a court orders violating parties to stop taking a particular action, and attorneys' fees. Dive Insight: This is not the first time major containerboard producers have faced a price collusion class action lawsuit. In one example, Minnesota-based cleaning products company Kleen Products in 2010 brought a suit against nearly 10 containerboard producers, also in the United States District Court for the Northern District of Illinois, on accusations of conspiring to increase prices and reduce output from 2004 to 2010. That case resulted in multiple containerboard companies, including Packaging Corporation of America and International Paper, settling via multimillion-dollar payments, although Georgia-Pacific and WestRock went to court. Many of the defendants in the Kleen Products case are also named in the new lawsuit. In this week's nearly 50-page filing, Artuso Pastry said current containerboard producers and their predecessors have engaged in anticompetitive behavior and price fixing for more than 85 years. It says in the last five years, defendants engaged in 'numerous unprecedented and unjustified price increases, often implemented at the exact same time and for the exact same increase.' This 'conspiracy' resulted in customers paying higher prices for containerboard than would have existed in a competitive market, according to the filing. This lawsuit stems from Mount Vernon, New York-based Artuso Pastry purchasing containerboard products from WestRock, now Smurfit Westrock, and paying 'an artificially high price,' according to the complaint. Smurfit Westrock does not comment on pending litigation, but it is aware of the lawsuit and reviewing it, a company spokesperson told Packaging Dive on Wednesday. Georgia-Pacific also emailed a statement: 'These claims against Georgia-Pacific are without merit, and we intend to vigorously defend the company.' The other companies Packaging Dive contacted Wednesday did not respond by publication time. The plaintiff claims that containerboard prices were relatively stable throughout the 2010s, but have jumped dramatically over the last five years — 33% from November 2020 to September 2022. The lawsuit alleges that no changes occurred to economic conditions such as input costs or demand 'that could plausibly account for the magnitude of the price increases' that the producers implemented. Reasons that producers have cited for the hikes include increased input costs for raw materials, transportation, energy and labor. Some industry observers have questioned the timing of containerboard price hikes during the last two years, citing weak demand and a global oversupply. Part of the problem is the amount of industry consolidation that has occurred over the last few decades, the lawsuit says, citing that just a handful of companies now control the vast majority of market share, 85%, for containerboard products. It notes numerous major M&A deals in the industry over the last 25 years, including last year's combination of Smurfit Kappa and WestRock, IP's acquisition of DS Smith in January, and the early July announcement that PCA would buy Greif's containerboard business. This type of concentration makes the market more susceptible to collusion, according to the plaintiff. Defendants took a two-year pause on major price increases but resumed in December 2023, the suit says. At that time, numerous manufacturers announced nearly identical price increases for various board grades, set to take effect in January and February. That spring, a cluster of companies announced they would again raise prices in June 2024, with analysts pointing to a leading index only partially recognizing the first increase. More announcements started late in 2024 for price bumps taking effect this year, with more than a dozen manufacturers ultimately becoming part of that movement. Although subtle differences existed in the different companies' price hikes, 'the lockstep movements further reinforced a repeated pattern of parallel pricing,' the lawsuit says. The plaintiff says containerboard producers' collusion defies economic logic and goes against their individual self interests. The plaintiff further argues that containerboard producers engaged in capacity restrictions, specifically that they used 'value over volume' strategies and facility closures to restrict volumes. It cites numerous closures by WestRock, International Paper and Greif, along with executives' repeated public references to 'value over volume' in recent years. The court docket shows Artuso Pastry's attorneys appeared in court Wednesday. Another document indicates involved parties must jointly provide the judge with a status update by Dec. 17. Recommended Reading Fiber producers see pricing upside for late 2025 amid capacity, tariff changes
