Nestle’s Café by Chip franchise to enter P.R. market
December 9, 2016
When yogurt meets coffee and cake, you get a crowd or the latest franchise concept to hit the island.
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P.R. consumers more savvy, shopping later in season
November 28, 2016
As this year’s holiday shopping season kicks into high gear, a recent study by the Arteaga & Arteaga advertising firm revealed that this year consumers will be more astute in their purchases, mapping out budgets and taking advantage of attractive discounts.
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Empresarios por Puerto Rico bet local to boost economy
November 17, 2016
Empresarios por Puerto Rico, an organization representing a broad spectrum of local businesses, unveiled Wednesday a series of initiatives aimed at strengthening the island’s economy.
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Owners of Budatai restaurant file for Ch. 11 bankruptcy
November 3, 2016
The owners of Asian fusion restaurant Budatai, headed by renown Chef Roberto Treviño, have filed for Chapter 11 bankruptcy protection, citing more than $400,000 in debt, according to the documents on record at the U.S. Bankruptcy Court.
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Plastic bags will take months to disappear after ban
October 31, 2016
The ban on disposable plastic shopping bag kicks in Dec. 30, but though Puerto Rico’s retailers have had a year to prepare, don’t expect them all to give up plastic right away.
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Departamento de la Comida expanding scope
October 24, 2016
A pioneer in Puerto Rico’s farm-to-table movement, Departamento de La Comida is expanding its scope.
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Montehiedra mall reborn as outlets after $20M overhaul
October 11, 2016
Urban Edge Properties, owners of the Montehiedra Mall in San Juan recently announced the conversion of the 600,000 square-foot shopping center into the metropolitan area’s first outlets, at an investment of $20 million.
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Specialty retailer vomFASS opens at Paseo Caribe
September 30, 2016
Following an investment of $500,000, vomFASS — an international specialty retailer featuring a variety of oils, vinegars, wines and spirits — opened its doors at Paseo Caribe in San Juan.
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Mesón Sandwiches expanding in Central FL through ’17
September 19, 2016
Mesón Sandwiches, a Puerto Rico-based fast casual restaurant that marries the flavors of the Caribbean with an American staple, will open this week its third Central Florida location at the Premium Outlets Vineland in Orlando.
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P.R. retail sales down 1.42% YOY in April
August 5, 2016
Puerto Rico retail sales reflected a 1.42 percent drop year-over-year in April, when activity at the cash register $44.4 million, Puerto Rico Trade and Export figures released Thursday showed.
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Fame Pizza Co. opening 1st restaurant in Bayamón
August 1, 2016
Puerto Rico-based AL Pizza LLC, announced plans to open its first Fame Pizza Company restaurant in Bayamón, near the Bayamón Oeste Shopping Center on Route 2, bringing the chain’s customized pizza to the island.
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P.R. retail sales down 2.2% Y-O-Y in March
July 15, 2016
Puerto Rico’s retail sales reflected a reduction of $71.5 million, equivalent to a 2.25 drop when compared to March 2015, Puerto Rico Trade and Export revealed Thursday.
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The ONE Group to open 2 STK restaurants in Condado
June 16, 2016
The ONE Group Hospitality Inc. announced the signing of a license agreement to open two STK locations in Puerto Rico, within the Condado Vanderbilt Hotel in San Juan.
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P.R. consumers spending 4% less on groceries this year
May 25, 2016
Puerto Rico consumers are spending 4 percent less on their groceries this year, in comparison to 2015, to $406 from $425 a month, representing the lowest out-of-pocket expenditure registered in the last decade, this year’s edition of the Puerto Rico Marketing, Industry and Food Distribution Chamber’s Consumer X-Ray study revealed.
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Wine business thriving despite tanking P.R. economy
May 2, 2016
The island economy is in the tank, some 200 Puerto Ricans get on a plane each day to seek opportunities elsewhere, and today the cash-strapped government expects to default on $470 million in payments to creditors.
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