Mar 17 • 08:12 UTC 🇱🇻 Latvia TVNET

The shopping center "Mols" will be closed for a time

The shopping center "Mols" in Latvia will temporarily close after March 31 for reconstruction.

The shopping center 'Mols' in Latvia is set to temporarily close after March 31 to undergo reconstruction, as announced on their social media platform. The center will remain open until the closure date, but its reopening timeline after the reconstruction has not been disclosed by the management.

In 2024, the shopping center saw its revenue reach 3.266 million euros, a substantial increase of 61.2% compared to the previous year, with a profit of 1.345 million euros reported, marking a significant recovery from losses in 2023. This financial rebound showcases the center's growing importance in the local market and suggests a strong customer base despite the upcoming closure.

Company information shows that 'Mols' was registered in 2001, with a share capital of 4.695 million euros, and is owned by Mihails Šuliks. The planned reconstruction may enhance the shopping experience, but the lack of details on the duration of the closure raises questions about how this will impact shoppers and retailers, especially those dependent on the foot traffic generated by the center.

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