Simon Property Group Inc., which in February 2020 announced plans to acquire rival mall operator Taubman Centers Inc. for some $3.6 billion, confirmed it has terminated the deal. The retail giants have properties worldwide, including Plaza Carolina, a Simon property, and The Mall of San Juan, which Taubman opened in 2015. Both shopping centers reopened […]
The Puerto Rico Association of Shopping Centers said following a “successful” first week of reopening after a nearly three-month shutdown, they are “ready for the next phase,” and asked Gov. Wanda Vázquez to allow them to return to regular operating hours. “We’re proud of the result of the reopening, since it was carried out in […]
Grupo Colón-Gerena, parent company of the Olive Garden franchise in Puerto Rico, announced the opening of its sixth location on the island, following an investment of $2.6 million. The 6,000 square-foot restaurant is the first in the southern region, located in Santa Isabel. It is generating 92 jobs in the midst of the COVID-19 pandemic. […]
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
