Pearle Vision looking for Puerto Rico franchisees
May 16, 2014
Pearle Vision optical retailer announced today plans to convert 11 of its neighborhood eye care centers in Puerto Rico from company-owned to licensee-owned.
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Red Mango’s 1st local restaurant exceeds sales by 40%
May 9, 2014
A little over a month after opening its first restaurant in Puerto Rico, frozen yogurt and smoothie retailer Red Mango said this week that sales have exceeded initial expectations by 40 percent and announced the development of a second location is underway.
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U.S. Bank closes on $320M loan for Mall of San Juan
April 29, 2014
U.S. Bank, as joint lead arranger and administrative agent, closed on a $320 million loan for The Taubman Realty Group Limited Partnership to finance the development of The Mall of San Juan, a 650,000-square-foot shopping and entertainment complex in San Juan.
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2nd Famous Dave’s restaurant opens in Bayamón today
April 28, 2014
A year after making its local debut in Carolina, Famous Dave’s is opening its second BBQ restaurant in Bayamón today — a $2 million, 6,000 square-foot operation that will generate 275 jobs.
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Ann Taylor opening new concept in Plaza Las Américas
April 17, 2014
Clothing retailer Ann Taylor will open a new concept store at the Plaza Las Américas mall in Hato Rey, offering a dedicated shoe and accessories shop, a dress shop and power pieces shop, company officials said.
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Sports Authority CEO: ‘This culture is intertwined with sports’
April 7, 2014
Sporting goods retail chain Sports Authority’s arrival to Puerto Rico coincides with a time of economic challenges for the island that also represent opportunities for a company that has been considering coming here for more than a decade.
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Crunch Fitness to open 1st gym in Carolina this summer
April 1, 2014
New York-based Crunch Fitness will open its first gym this summer in Puerto Rico, marking its official entrance into the competitive market with a location just outside Plaza Escorial in Carolina, company officials announced Monday.
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Vanilla Bean Cupcakery: A franchise in the making?
March 31, 2014
Couple a delectable recipe at an accessible price with the Puerto Rican consumer's love of sweets and it pretty much explains the success behind a cupcake business that suddenly seems to be all over the place.
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3 new stores opening in Plaza Carolina shopping center
March 28, 2014
The Plaza Carolina shopping center will have three new tenants before year’s end with the arrival of the Sports Authority, A’gaci and the first Men’s Warehouse location in Puerto Rico, company officials announced Thursday.
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CVS to open its 20th Puerto Rico store in Condado
March 26, 2014
Drugstore chain CVS will open its 20th Puerto Rico location in the Condado sector of San Juan, this media outlet confirmed.
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Rosa Mexicano opens 19th eatery in Paseo Caribe
March 24, 2014
Fine dining eatery Rosa Mexicano is opening the 19th restaurant in its chain today, when it will also become the first commercial tenant of the upscale real estate development Paseo Caribe in San Juan.
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Electricity costs taking a bite out of restaurant business
March 19, 2014
Payroll, food and electricity represent the three major expenses for Puerto Rico restaurants, which are feeling the crunch of rising costs all-around, Restaurant Association President Carlos Morell said Tuesday during a public hearing at the Senate.
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Under the Trees eatery quietly closes in Condado
March 17, 2014
Nearly five years after opening as one of the main dining attractions at the Doubletree by Hilton at Gallery Plaza hotel in Condado, restaurant Under the Trees quietly closed its doors Sunday, a decision announced on its Facebook page.
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Shoe Carnival to showcase new brands at Caparra store
March 17, 2014
Retailer Shoe Carnival will be expanding its line of women's footwear and to celebrate it, will host the “Festival de Moda VIP Primavera 2014,” a special event on Mar. 23, at the store located in Plaza Caparra in Guaynabo, featuring all of the new brands.
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Restaurant chain creating 460 jobs with gov’t support
February 19, 2014
Puerto Rican sister companies Apple Caribe Inc. and Famous Caribe Inc., operators of the Applebee’s and Famous Dave’s chains, respectively, will create a total of 460 full-time jobs supported by the incentives provided through the Jobs Now Act passed by the current administration a year ago.
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