Sony Puerto Rico is looking to expand its local footprint, and generate opportunities for island entrepreneurs in the process, by franchising its Sony Style retail operation to open three new stores starting late 2012, News is my Business has learned.
The Marketing, Industry and Food Distribution Chamber resolved Saturday to lobby — at the local and federal levels — to protect the close to $2 billion in federal funds Puerto Rico receives to float the Nutritional Assistance Program during next year’s Farm Bill review, organization officials said during its general assembly.
When space shuttle Atlantis took off on its final mission Friday, it was carrying a crew of special tiny passengers that are part of an advanced research and development project that could benefit humans for decades to come.
The changing economy is making it a virtual requirement for the food industry, especially supermarkets and other retailers, to stay ahead of trends to attract consumers, said Phil Lempert, known stateside as the "Supermarket Guru” for his reputation as one of the leading analysts of consumer behavior trends in the food industry.
More than 100 local local entrepreneurs had the chance to learn about new programs and services to increase their exports or begin the process of exporting, as well as establishing ties with local and federal officials, international business experts and international banking and insurance professionals during Thursday’s Global Access Exporter Forum.
Nine months after being selected to participate in the government’s public healthcare program, insurance provider MCS has reportedly walked away in a move that could affect more than 800,000 beneficiaries.
European car dealership Euroclass Motors and Autos Vega, the island’s largest Ford Dealership, filed for Chapter 11 bankruptcy protection Wednesday, News is my Business has learned.
Puerto Rican consumers are clearly divided according to generations, with each reflecting unique sets of likes and tastes, as well as their own way of shopping. The commonality among all groups, however, is that they are increasingly more demanding, educated and sophisticated.
Puerto Rico’s pristine beaches and slew of entertainment options have long made it one of the most exciting destinations in the world. However, in recent years, the economy has presented a challenge that the tourism industry has addressed with creative campaigns.
Local wine aficionados in search for high-quality liquors now have a place to go find them, after the recent opening of Aficionado’s Wine & Spirits, a business in Guaynabo dedicated to managing superior, unique brands currently not represented in Puerto Rico.
Coca Cola Puerto Rico Bottlers, in conjunction with the Puerto Rico Industrial Development Company, announced Wednesday the start of operations of a its new rum distillery on the island, Club Caribe.
The fate of the last remaining Borders bookstore in Puerto Rico will likely be known in about two weeks when its Ann Arbor, Mich.-based parent company goes to U.S. Bankruptcy Court to seek permission to sell itself. If the petition is denied, the beleaguered bookstore will have to liquidate the assets it has left, including its Plaza las Américas location.
Companies interested in pursuing the management contract for the Luis Muñoz Marín International Airport in Carolina have until Aug. 8 to submit their requests for qualifications to participate in the bidding process.
General fund collections reached $625 million in May, representing an increase of $88 million, or 16.4 percent when compared to the same month in 2010, the Treasury Department said Monday.
The cruise ship industry, a cornerstone of the island’s tourism economy, will be getting expanded incentives and benefits when anchoring in Puerto Rico, following the approval of a sweeping law that will also favor the distribution chain, service providers and tour operators.
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