Jump to content

Félix Maduro Chain Of Stores Quashes Rumors Of Its Closure


Recommended Posts

  • Moderators
Quote

Félix scotches closure rumors

felix.jpg

Posted 20/10/2020

The Félix B. Maduro chain of stores has quashed rumors of the closure of its operations and says that it is in a process of gradually reopening all its branches Four are already operating: those in via España, Town Center, Multiplaza, and Westland Mall.

Félix "has no plans to close operations, on the contrary, he is executing a program to strengthen its platforms, scope, value offers and business organization," said  a company statement on Tuesday, October 20.

The store was founded in 1877 by husbands Samuel Maduro and Esther Piza de Maduro. The first store was in Casco Viejo, which has already closed. Before the pandemic, it had six branches, three outlets, and an "exclusive" boutique, There was a location in El Dorado, which was closed before the coronavirus crisis.

In February 2015, the chain was sold to the Wisa Group of Abdul Waked. With the inclusion of Waked on the Clinton List of the US Treasury Department in 2016, Waked sold the business, to FBM Retail Group, headed by the Arrocha family
 

https://www.newsroompanama.com/business/felix-scotches-closure-rumors-1

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...