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The company refrained from revealing the financial terms of the transaction, citing a confidentiality agreement. Pitusa employed around 4,000 workers in Puerto Rico. [17] On July 9th, 2014, it was reported that Pitusa Muebles y Enseres filed for Chapter 11 bankruptcy with a debt amounting to $26.7 million, according to the Puerto Rico Bulletin.
Modell's Shopper's World; J.J. Newberry; Jamesway; King's Department Stores; Kuhn's Big K – acquired by Walmart in 1981 [109] MacFrugals – merged into Big Lots! McLellan's; Neisner's; Otasco – Arkansas, Kansas, Oklahoma and Texas; Richman Gordman – business model was overhauled and name shortened to Gordmans in the late 1990s [citation ...
The store was a subsidiary of Pueblo International, which had purchased the franchise for Puerto Rico and the U.S. Virgin Islands, for an undisclosed amount, from the BLOCKBUSTER Entertainment Corporation (BEC), which was the largest video-movie rental chain in the world at the time. At the opening ceremony, then Pueblo International president ...
S.H. Kress & Co., Puerto Rico subsidiary Tiendas Kress survived parent company until its remaining locations closed in 2022. Leggett (Mid-Atlantic), acquired by Belk in 1997 [4] Lord & Taylor, the oldest department store chain in the United States, founded in 1826 in New York City, filed for Chapter 11 bankruptcy on August 2, 2020. On August 27 ...
The economy of Puerto Rico is classified as a high-income economy by the World Bank and as the most competitive economy in Latin America by the World Economic Forum. [14] [15] The main drivers of Puerto Rico's economy are manufacturing, which primarily includes pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, notably finance, insurance, real estate ...
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On January 31, 2013, it was reported that since its opening, El Cantón Mall had become a fixture, if not a landmark, of life in Bayamón and the surrounding region, maintaining one of the highest visitor traffic rates per square foot of all shopping centers in Puerto Rico. With the inauguration of the Puerto Rico Electric Power Authority’s ...
Plaza del Norte is a 698,581 sq ft (64,900.3 m 2) [1] shopping center located in Hatillo, Puerto Rico currently owned and managed by Curzon Puerto Rico. It is the largest shopping center in northwestern Puerto Rico, with over 130 stores and fast food restaurants.