Latest news with #WallaceFamily
Yahoo
02-08-2025
- Automotive
- Yahoo
Bubba Wallace reflects on cementing his name as a Brickyard 400 champion
Bubba Wallace shares what it meant to him becoming the first Black driver to win a major race on the Indianapolis Motor Speedway oval.
Daily Mail
03-07-2025
- Business
- Daily Mail
Trees n Trends to close all stores after 30 years in business
Trees n Trends is the latest retailer to become a fatal victim of the retail apocalypse . The Wallace family announced the chain will officially be going out of business in a Facebook post on June 28. The owners opened the first gifts and home décor store in 1992 and currently operate six locations in Arkansas, Kentucky, Missouri, and Tennessee. Now that each location will shutter, the stores are undergoing liquidation sales full of items available for 25 to 50 percent off. The chain also adjusted its store hours, opening Monday through Saturday from 10:00 am to 6:00 pm and closing on Sundays. A member of the Wallace family explained more details in a video to saddened customers , and confirmed the stores will be closed once there's nothing left to sell. All sales are final, and the stores will only be accepting cash or card payment methods. Although the stores will be shuttering, new merchandise will be arriving in stores this week, including seasonal items. Trees n Trends is famous for offering various product categories such as furniture, home décor, accessories, and women's clothing. The business had been operating under the name Silk Tree Factory before the Wallace family opted to change the business name. During the early years, Trees n Trends' product line mainly consisted of bushes, stems, greenery, wreaths, and trees manufactured by drilling and potting. Since the closure news leaked, social media users have been sharing their memories of visiting or working at one of its locations. 'So sad, I have shopped there since it opened its doors as Silk Tree Factory. You will be missed, no other store comes close to being as nice as this store!!,' a Facebook user wrote. 'I learned so so much from Joe and all the leaders. I hold a special place in my heart for this company,' a former employee responded. 'It's unfortunate that the store won't be carrying on for future generations but while the good run lasted, we were blessed to have a wholesome store family operated by Grace... Sad to see it go,' another person commented. It's unclear what the family plans to do next, but they praised its loyal customers, workers and the 'hand of God' for helping them be successful for three decades. Trees n Trends is one of the rare retailers to always be a family-owned business before store closures. Joann started as a family-owned chain before it became public and acquired by Leonard Green & Partners. The later went from a craft empire, to a chain that fell from grace, closing all its locations after its second bankruptcy filing in two years. Badcock Home Furniture & More was a family-owned chain founded in 1904 before it was acquired by Franchise Group Inc. in 2021. By July 2024, the company filed for bankruptcy with over $1 billion in debt, and shuttered its remaining 380 stores soon afterward . Some stores have opted to perform mass closures and bankruptcy filings due to issues of adjusting to tariffs, including At Home, a HomeGoods rival that started shuttering stores before filing for bankruptcy protection in June .
Daily Mail
03-07-2025
- Business
- Daily Mail
Beloved family-owned home decor chain decides to close all stores after 30 years in business
Trees n Trends is the latest retailer to become a fatal victim of the retail apocalypse. The Wallace family announced the chain will officially be going out of business in a Facebook post on June 28. The owners opened the first gifts and home décor store in 1992 and currently operate six locations in Arkansas, Kentucky, Missouri, and Tennessee. Now that each location will shutter, the stores are undergoing liquidation sales full of items available for 25 to 50 percent off. The chain also adjusted its store hours, opening Monday through Saturday from 10:00 am to 6:00 pm and closing on Sundays. A member of the Wallace family explained more details in a video to saddened customers, and confirmed the stores will be closed once there's nothing left to sell. All sales are final, and the stores will only be accepting cash or card payment methods. Although the stores will be shuttering, new merchandise will be arriving in stores this week, including seasonal items. The Wallace family revealed the stores will close as soon as all products are sold Trees n Trends is famous for offering various product categories such as furniture, home décor, accessories, and women's clothing. The business had been operating under the name Silk Tree Factory before the Wallace family opted to change the business name. During the early years, Trees n Trends' product line mainly consisted of bushes, stems, greenery, wreaths, and trees manufactured by drilling and potting. Since the closure news leaked, social media users have been sharing their memories of visiting or working at one of its locations. 'So sad, I have shopped there since it opened its doors as Silk Tree Factory. You will be missed, no other store comes close to being as nice as this store!!,' a Facebook user wrote. 'I learned so so much from Joe and all the leaders. I hold a special place in my heart for this company,' a former employee responded. 'It's unfortunate that the store won't be carrying on for future generations but while the good run lasted, we were blessed to have a wholesome store family operated by Grace... Sad to see it go,' another person commented. It's unclear what the family plans to do next, but they praised its loyal customers, workers and the 'hand of God' for helping them be successful for three decades. All sales are final and can only be purchased with cash or card Trees n Trends is one of the rare retailers to always be a family-owned business before store closures. Joann started as a family-owned chain before it became public and acquired by Leonard Green & Partners. The later went from a craft empire, to a chain that fell from grace, closing all its locations after its second bankruptcy filing in two years. Badcock Home Furniture & More was a family-owned chain founded in 1904 before it was acquired by Franchise Group Inc. in 2021. By July 2024, the company filed for bankruptcy with over $1 billion in debt, and shuttered its remaining 380 stores soon afterward. Some stores have opted to perform mass closures and bankruptcy filings due to issues of adjusting to tariffs, including At Home, a HomeGoods rival that started shuttering stores before filing for bankruptcy protection in June.
Yahoo
17-06-2025
- Entertainment
- Yahoo
Chi Modu® Estate Retains Ownership of the Iconic Biggie Smalls Images
JERSEY CITY, N.J., June 17, 2025--(BUSINESS WIRE)--Following a confidential settlement reached in 2024 between the Estate of renowned photographer Chi Modu and the family of famed rapper Christopher Wallace, better known as Biggie Smalls and the Notorious BIG, the Modu family is delighted to announce that it retains sole ownership of the iconic hip-hop photos of Biggie. More specifically, the settlement confirmed a number of important principles: (1) the Chi Modu Estate alone owns the copyrighted images and, as such, the Estate is (2) free to sell copies of the photographs in any form including NFTs, and (3) those who wish to use the photographs for any purpose must obtain permission from the family and pay license fees to do so; and (4) the Wallace family alone controls Biggie's right of publicity. The settlement ensures that Chi's powerful images are unencumbered for editorial uses, purchases (including NFTs), and are available for limited licensing opportunities. Sophia Modu, the widow of Chi Modu, only now feels ready to publicly address the settlement and the impact of her husband's passing. "It took a while for me to work through the settlement with Notorious B.I.G., LLC, and to be emotionally prepared to address this publicly. Above all, I am happy that the Modu family maintains complete control of his artistic work," said Mrs. Modu. Chi Modu's images, captured during a groundbreaking era in '90s hip-hop history, remain a testament to his unique eye and cultural insight. "Chi spent many years as the Director of Photography for The Source magazine in the '90s," Mrs. Modu continued. "While he was compensated very little for his artistic services, the magazine agreed that Chi would retain the rights to his photographs of hip-hop artists that graced its pages. Chi's photographs remain his—in life or in death." With the litigation now behind them, the Estate looks forward to monetizing Chi's archival material through editorial channels, creative collaborations such as photographic exhibitions, and emerging platforms such as NFTs. "Throughout the case, I've learned how crucial it is for photographers to understand their intellectual property rights. If creatives are not fully aware of the intersection of art, business, and law, they can unintentionally give others an excuse to claim their images or work products," added Mrs. Modu. ArentFox Schiff LLP, a prominent national law firm, represented the Chi Modu estate in this matter on a pro bono basis. About The Chi Modu Estate Celebrating his 35+ year career in photography, the Estate of Christopher Chijioke Modu remains the sole owner and manager of the iconic photographs taken by the legendary artist and photojournalist, Chi Modu. Additionally, the Estate holds trademarks on Hip Hop Images™, his name, and his iconic signature. The estate manages the licensing of his archival material for collaborations, exhibitions, and emerging platforms such as NFTs. Its assets include unique photographs of The Notorious BIG, Tupac Shakur, Nas, Eazy-E, Snoop Dogg, Mary J. Blige, Ol' Dirty Bastard, and many other hip-hop icons. Please visit for images personally curated by Chi Modu or contact Sophia Modu: +1.917.558.2012 View source version on Contacts Sophia Modu info@ +1.917.558.2012
News.com.au
21-05-2025
- Business
- News.com.au
Melb family reveal move back in with mum, plan to use RBA rate cut to help upgrade their home
An interest-rate cut this week is set to bring relief to thousands of Melbourne households struggling with mortgages. But for Mentone's Wallace family a cheaper rate on their loan is the signal to ramp up their savings as they plan to upgrade from their first home, bought in 2016. Noelle and Matthew Wallace are currently selling the 5/35 Como Pde East, Mentone, home where they have been raising daughter Mia, 3, and have moved back in with Mr Wallace's mother to maximise their chance to save once they don't have a mortgage. Victorian budget panned as a 'kick in the guts' to first-home buyers It's a rare, but effective move that should also help ensure buyers can inspect the property more conveniently — and will hopefully help them make a six-figure upgrade to their home. The family bought the home in 2016 and the unusual inclusion of a back yard had helped make the apartment a great space to entertain friends and family — while its location close to the beach and local cafes and shops had been invaluable. But with Mia growing they have Obrien Real Estate's John Rombotis helping them to sell at the start of an interest rate cutting cycle they believe offers a rare instance of botha good time to buy and a good time to sell, perfect for an upgrade. 'We had been looking at interest rates, seeing them start to stabilise and plus with the potential for them to drop, we saw that as offering a great sellers market and also for buying, so we hope to be in a good position both ways,' Ms Wallace said. 'But we have been thinking about it from about this time last year. 'And we are back to saving as we try to finalise our purchasing plans, though we had been getting ahead of our mortgage as well.' Even after an interest cut, the family will be putting any saved money from their mortgage aside to help facilitate their next purchase. 'Even $50 could be making a huge difference,' Ms Wallace said. They're aiming to be into their next home in no more than 12 months time, but are hoping to move fairly quickly with the expectation home values could rise as rates fall. 'We definitely feel like we have timed it and it's starting to feel like there's some hope coming, and that people are more confident,' Ms Wallace said. Mr Rombotis said the pair were not alone, but those thinking of selling a home today would need to think carefully about how quickly they could move as a sale without a quick follow up purchase could cost them if prices rose rapidly. The agent is anticipating three rate cuts before the end of this year, and said by the time the third hits buyers would no longer be 'window shopping'. However, for affordable homes with unusual features, like the Wallace's supersized apartment back yard, the ability to concentrate first-home buyers could allow them to catch the first wave of any improvements, with first-home buyers tipped to be among the first to respond to rate cuts.
