Peruvian Tycoon Hit With Wave of Shop Closures in Wealthy Lima Area

(Bloomberg) -- An upscale municipality in Peru’s capital Lima temporarily shuttered over a dozen commercial spaces controlled by one of the country’s top conglomerates, igniting an unlikely battle between the company and a local mayor. Conglomerate Intercorp said about 15 stores had “suffered irregular shutdowns” starting last week in the seaside neighborhood of Miraflores, affecting bank branches, retail stores, restaurants and movie theaters. Intercorp is headed by billionaire Carlos Rodríguez-Pastor, a l ...