Numerous businesses have already announced plans to remain closed Tuesday and Wednesday as the massive Hurricane María approaches Puerto Rico, bringing with it potentially catastrophic damages, as weather officials have said.
The Puerto Rico Restaurant Association expressed concern Tuesday to the closure of several restaurants in the past few weeks and urged government action to prevent further losses for the industry that could adversely affect the island’s economic development.
Cordis Corporation, a subsidiary of Johnson & Johnson, announced Wednesday the discontinuation of production of its Cypher Stent product by the end of 2011, representing the closing of its plant in San Germán. The decision will leave 450 people jobless.
Contemporary criollo bistro Payá closed its doors abruptly on Tuesday, leaving only a note on the door of the restaurant located at City View Plaza in Guaynabo.
Time is running out for the Borders bookstore in Carolina, which is set to close on April 15 — just two weeks shy of the contractual deadline that Illinois-based Hilco Merchant Resources, LLC has to finish liquidating as much as it can from the stores destined to close.
Expecting it to be a “short sale,” Borders Group on Saturday will begin liquidating everything at the 200 stores it will close as part of its Chapter 11 procedure, including the Carolina and Mayagüez locations.
Michigan-based mega books retailer Borders Group filed for Chapter 11 bankruptcy protection in a New York court on Wednesday, confirming industry reports that it would seek to reorganize deteriorated finances.
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