Vancouver councillor addresses business concerns over FIFA contract
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
29 minutes ago
- Globe and Mail
Millrose Properties, Inc. Announces Pricing of Upsized $1.25 Billion Senior Notes Offering
Millrose Properties, Inc. (NYSE: MRP) ('Millrose' or the 'Company') announced today the pricing of its private offering (the 'Offering') of $1.25 billion aggregate principal amount of its 6.375% Senior Notes due 2030 (the 'Notes'), representing a $250 million upsize from the previously announced offering size, at an initial offering price of 100.000% of the principal amount plus accrued interest, if any, from August 7, 2025. The Offering is expected to close on August 7, 2025, subject to customary closing conditions. Millrose intends to use the net proceeds of the Offering (i) to repay $500 million principal amount outstanding under the Company's term loan credit agreement, dated June 24, 2025 and maturing June 23, 2026, (ii) to repay $450 million principal amount of outstanding borrowings under the Company's revolving credit agreement dated February 7, 2025, and (iii) for general corporate purposes. The Notes and the related guarantee will be offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended, (the 'Securities Act') and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The Notes and the related guarantee have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction, and the Notes may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any securities, nor shall there be any sales of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act. About Millrose Properties, Inc. Millrose purchases and develops residential land and sells finished homesites to home builders by way of option contracts with predetermined costs and takedown schedules. Millrose serves as a solution for home builders seeking to expand access to finished homesites while implementing an asset-light strategy. As fully developed homesites are sold by Millrose, capital is recycled into future land acquisitions for home builders, providing customers with durable access to community growth. Forward-looking Statements Certain statements contained in this press release and oral statements made regarding the matters addressed in this release constitute 'forward-looking statements' within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including, without limitation, statements about the Offering, the expected use of proceeds therefrom and other future events. All forward-looking statements included in this release are qualified in their entirety by, and should be read in the context of, the risk factors and other factors disclosed in the Company's filings with the Securities and Exchange Commission, which can be obtained free of charge on the Securities and Exchange Commission's web site at Except to the extent required by applicable law, Millrose undertakes no obligation to update or revise any information contained in this communication beyond the date hereof, whether as a result of new information, future events or otherwise.
National Post
29 minutes ago
- National Post
SVP Worldwide and Dyno LLC Announce Strategic Partnership to Expand Distribution of Sewing Accessories in North America
Article content NASHVILLE, Tenn. — Singer Sourcing Limited, LLC ('SVP Worldwide'), owner of iconic sewing brands, including SINGER®, HUSQVARNA® VIKING®, and PFAFF®, is pleased to announce a strategic partnership with Dyno LLC ('Dyno'), a leader in sewing notions and accessories. Effective July 1, 2025, Dyno has extended its long term licensing relationship serving as the exclusive U.S. distributor of SINGER® branded sewing accessories and notions. The agreement also includes non-exclusive distribution rights in Canada and Mexico. Article content This licensing partnership aligns with SVP Worldwide and Dyno's long-term goals of category leadership and customer-focused innovation. By combining Dyno's robust retail relationships, history of innovation, and distribution expertise with SVP Worldwide's product development and category knowledge, the partnership allows each organization to focus on its core strengths while delivering greater value to the sewing community. Article content Article content 'The collaboration with Dyno is a natural extension of our commitment to serving sewists with the highest quality tools, accessories, and support,' said Rob Will, CEO at SVP Worldwide. 'Together, we can better meet the needs of consumers and provide retail partners with a more streamlined, innovative assortment.' Article content 'We're excited to extend our partnership with SVP Worldwide to bring Dyno's accessory expertise to more consumers,' said David Gold, CEO at Dyno LLC. 'Their proven reach and market insight make them an ideal partner for this next chapter in our growth. We are exploring brand extension opportunities in a variety of areas where we believe the SINGER brand will resonate and inspire consumers.' Article content This partnership demonstrates the shared mission of both companies to enhance the sewing experience through product quality, accessibility, and innovation. Together SVP Worldwide and Dyno will craft a more integrated and inspiring shopping experience for every sewing need. Article content About SVP Worldwide Article content SVP Worldwide is the world's largest consumer sewing machine company, accounting for more than one out of every three sewing machines sold globally. The company's brands—SINGER®, HUSQVARNA® VIKING®, and PFAFF®—have collectively delighted sewists for over 170 years. Article content About Dyno LLC Article content Article content Article content Article content Article content
Globe and Mail
29 minutes ago
- Globe and Mail
How will Canadian consumers be affected by Trump's de minimis changes?
U.S. President Donald Trump's executive order suspending the de minimis exemption for imports could have blowback for Canadian consumers as some smaller sellers pull back from the country, larger players focus on this market and deliveries temporarily slow for everyone. The order signed on Wednesday means imports valued at or under US$800 soon will no longer be exempt from tariffs and instead be subject to the blanket fees the U.S. has imposed on trading partners. 'The de minimis rule was a golden ticket for smaller Canadian exporters,' said Markus Giesler, a marketing professor at the Schulich School of Business. 'Right now, without this, they may be forced to pay high prices, reroute logistics or walk away from the world's biggest market.' For many small Canadian businesses selling lower-value goods, such as arts and craft businesses and Etsy sellers, the suspension makes the U.S. market unviable, said David Nagy, founder of consulting firm eCommerce Canada. The paperwork and brokerage fees may not make sense for lower-value transactions, he said, adding that a $55 order could now require an additional 45 minutes spent on documentation, with no added financial benefit. Trump to suspend duty-free exemption for low-value shipments Chris Jarvis, chief operating officer at Ecom Logistics, said Canadian small e-commerce businesses he works with rely heavily on U.S. sales, and their need to maintain U.S. customers may lead them to leave the Canadian market entirely. 'Any small Canadian merchant who got traction in the Canadian market … ends up seeing 90 per cent of their sales happening in America,' he said. To maintain that customer base, some businesses will need to move inventory into the U.S. and effectively run a U.S.-based business. Options are even more limited for businesses importing some of their goods or materials from China or other tariffed countries, leaving them exposed to additional tariffs with less of a chance at becoming compliant with the United States-Mexico-Canada free-trade agreement. Many up-and-coming American and Canadian creators selling niche products via Instagram, TikTok or Etsy, for example, may elect not to come to Canada or stay here. They're thinking, 'Why would I want to open up another inventory position in the country of Canada, when 90 per cent of my volume is going to come from the US anyway,' said Mr. Jarvis. How U.S. duties targeted at China are disrupting Canadian businesses If they pull away, this will limit product availability in Canada and consumers will have fewer opportunities to access unique or small-batch goods they once could easily order. On the other hand, U.S. restrictions may push larger companies such as Temu and Shein to 'aggressively look at other markets,' including Canada, said Jonathan Calof, a professor of international business and strategy at the University of Ottawa's Telfer School of Management. Data provided to The Globe and Mail by marketing-intelligence firm Sensor Tower shows Temu's Canadian ad spend jumped 61 per cent year-over-year in the second quarter of 2025 following Mr. Trump's tariff threats, while Shein's rose 34 per cent. Whether doubling down on markets outside of the U.S. would mean lower prices for Canadian consumers depends on how companies react. 'They're going to try to gain market share, and they're going to try to stay competitive … some will lower prices, some will try better quality, some will diversify,' said Prof. Calof. But when it comes to small e-commerce businesses, they don't have much runway to sustain long-term price cuts, he said. The bigger risk is that their business may disappear altogether. In addition to reduced selection, the de minimis suspension on U.S. imports could mean that Canadians ordering from the U.S. will face slightly longer waiting times because of increased border scrutiny more broadly, said Matthew Melvin, a spokesperson for Canadian shipping company Chit Chats. Shoppers trying to return something that they bought from the U.S. could also be hit with added hurdles, he said. While the effect to Canadians' wallets from the de minimis change may not be immediate, the economic ripple effects will ultimately be significant, said Steve Bozicevic, CEO of A&A Customs Brokers. 'If Americans start buying less, then you'll just have less jobs, and you'll have more inflation,' he said. 'It's more the macroeconomic impact.'
