Royal Credita company specializing in granting payroll loans to small businesses, announced the appointment of Felipe Guelfi Regules as the new director of Transformación and as the new interim general director effective April 1, replacing Carlos Ochoa.
The financial company made this move, together with a series of changes to its management staff, as part of an orderly restructuring process that will help it strengthen its business, and its shares closed down 15.58 percent.
On the other hand, as of April 1, Crédito Real appointed Noé Reza Gómez as the company’s new Finance Director and Rodrigo Ruanova Morett as the new Legal Director.
Alpha Credit Capitala finance company specialized in consumption and small and medium-sized companies, announced that a court in Mexico City rejected its application for a declaration of commercial bankruptcy with a prior restructuring plan.
The financial company had already received a setback to its plans to start the restructuring of its finances and negotiation with creditors under the protection of the law, after in August 2021 it was also rejected to start the bankruptcy process voluntarily.
The financial company’s problems began when accounting errors were uncovered in its 2018 and 2019 financial statements, related to its position in derivatives, after an internal review and conversations with auditors.
Volaris, the The main ultra-low-cost airline in Mexico, began the operation of its new route that will connect the cities of Morelia, Michoacán, and Cancún, Quintana Roo, with which it adds a new connection to the main tourist destination in the country.
The new route will have frequencies on Tuesdays, Thursdays and Saturdays, with an average trip of two nights and an expense of 570 pesos per day.
With this opening, Volaris adds 19 routes in Cancun and nine in Morelia. Since 2006, the airline has transported more than five million passengers in Morelia and 26 million in Cancun.
pizza hutthe world’s leading pizzeria chain, announced its expansion plans in Mexico through the search for franchisees to open new branches.
The company said that its franchisee system allows the opening of up to three new branches for each one with an investment per unit of 4.8 million pesos (243 thousand dollars) with a 10-year operating contract and a franchise fee of 27,000 dollars. .
Pizza Hut has more than 18,700 stores, is present in 113 markets, of which more than 250 units operate in Mexico.
Valentine said which settled the dispute with the owner of its former flagship store on Manhattan’s Fifth Avenue, which the Italian fashion company abandoned due to the Covid-19 pandemic.
According to the designer, his friendly agreement with landlord 693 Fifth Owner calls for the 16-year lease, for the space located two blocks south of Trump Tower, to be terminated.
Valentino had tried in June 2020 to end the lease nine years ahead of schedule, claiming that the pandemic made it impossible for the store to operate “in keeping with the reputation of luxury, prestige and high quality” in its neighbourhood.
After a New York state trial judge dismissed that lawsuit, the owner sued Valentino for $207.1 million, primarily to recover unpaid rent and repair damage to the store.
Last month, a New York state appellate court agreed that the pandemic did not relieve Valentino of its lease obligations, “although its ability to offer a luxury experience was hampered, because the leased premises were not destroyed.”
Median rents applied for in the fourth quarter of 2021 fell 13.5% from a year earlier, although leasing activity was up 24.1% from the previous quarter, according to commercial real estate company Jones Lang LaSalle.