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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The Bookmark opens 2nd local shop at Plaza Carolina
April 29, 2016
With an investment upward of $100,000, The Bookmark is partnering with book publishing company Penguin Random House to launch its second bookstore at the Plaza Carolina shopping center in the municipality of Carolina.
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P.R. retail sales down 3.71% year-over-year in Jan.
April 28, 2016
Puerto Rico retail sales started 2016 in a slump, reflecting a 3.71 percent year-over-year drop in January, or $113.3 million less than what was generated during the same month in 2015, Puerto Rico Trade and Export reported Wednesday.
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New stores arriving to Plaza del Caribe, Mall of San Juan
April 28, 2016
A lineup of new retail tenants is opening at two Puerto Rico malls, Plaza del Caribe in Ponce and The Mall of San Juan in the metropolitan area.
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