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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 3 sources · 10 days · First seen · Last updated
Small business closures due to rising operational costs
Overview
Small businesses in various regions are facing closures due to rising operational costs and economic instability.
In early August, bakeries in Argentina and the Dominican Republic shut down. In Comodoro Rivadavia, Argentina, the bakery Las Artesanas closed a branch due to a “severe commercial crisis” and rising utility tariffs. Similarly, in the Dominican Republic, the pastry shop Makarios Postres closed following an electricity bill that far exceeded previous charges.
By mid-August, reports emerged of dairy-related business closures. In Argentina, the brand Luz Azul closed a branch in Recoleta, citing a “consumption crisis” and increased costs for rent, personnel, and utilities. In Spain, the Aguas de Fontanales cheese shop in Gran Canaria ceased operations after nearly 70 years of service.
Entities
Aguas de Fontanales · Luz Azul · Comodoro Rivadavia · Olga Lantigua Arenciba · Recoleta
Timeline
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2 days ago
[BUSINESS] 3 sourcesDairy businesses close in Argentina and SpainDairy businesses are closing in different regions: Luz Azul has shut its Recoleta branch in Argentina due to a consumption crisis, while a long-standing award-winning cheese shop in Spain has closed after 70$of
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11 days ago
[BUSINESS] 2 sourcesSmall bakeries in Argentina and Dominican Republic shut down amid soaring electricity costsBakery Las Artesanas closed a branch in Comodoro Rivadavia, Argentina, and pastry shop Makarios Postres shut in the Dominican Republic, both citing unsustainable electricity bills and rising costs.
Sources
diario.mx · diariodeavisos.elespanol.com · zetanoticias.com.ar