Group 1 Automotive Inc. has agreed to purchase Prime Automotive from GPB Capital Holdings, a New York investment firm that has become the target of investors’ lawsuits and criminal allegations.
retail
Posted inBusiness, Nation & World
Americans spent less in July as COVID-19 cases surged
Spending fell at stores that sell clothing, furniture and sporting goods.
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Posted inMaine Voices, Op-Eds, Opinion
Maine Voices: Landmark new Maine law more fairly allocates products’ real costs
Gov. Mills should sign L.D. 1541, so towns and cities won’t have to keep picking up the tab for product disposal and recycling.
Posted inBusiness, Nation & World
May retail sales fell 1.3% as Americans spend less on goods
Retail sales fell in May, dragged down by a decline in auto sales and a shift by Americans to spend more on vacations and other services instead of goods.
Posted inBusiness, Nation & World
Large nationwide mall owner files for Chapter 11 bankruptcy
Rent collections dried up and tenants filed for bankruptcy or went out of business as the pandemic spread around the nation in 2020.
Posted inBusiness, Local & State
Bull Moose rehires laid-off workers and issues apology
The Maine-based chain says it ‘did not act anywhere near how we want to be as a company.’
Posted inBusiness, Local & State
Bull Moose rehires laid-off workers and issues apology
The Maine-based chain said it “did not act anywhere near how we want to be as a company.”
Posted inBusiness, Local & State
Businesses celebrate unmasking, but some customers hesitate
Maine’s indoor mask mandate and other pandemic restrictions expired Monday, as the state aligned with recommendations from the U.S. Centers for Disease Control and Prevention.
Posted inBusiness, Local & State
Outdoor retailer REI to open first Maine store in Westbrook
The Seattle-area company, which competes with Maine-based L.L. Bean and others, plans to open at Rock Row in the fall.
Posted inBusiness, Local & State
Shaw’s delivery drivers strike in Maine over lapse in contract talks
The union representing truck drivers and mechanics at Shaw’s supermarkets in Maine says the company has ceased negotiations. The company says it will return to the bargaining table this week.