It was a tale of two ports in May as cargo volume at the Port of Long Beach hit a record high while at the Port of Los Angeles, volume dipped 3 percent from last year’s record high, according to announcements from both ports.
Los Angeles-based Wonderful Company was named the no. 1 growth leader in produce and no. 1 in consumer packaged goods last year, according to a study released June 14 by the Boston Consulting Group and market research firm IRI.
Following a months-long investigation into sexual misconduct allegations, downtown-based apparel brand Guess Inc. announced the resignation of co-founder Paul Marciano as executive chairman of the board in a Securities and Exchange Commission filing on June 12.
Inglewood-based PolyCera Membranes, makers of industrial wastewater treatment and process separation technology raised a $9 million Series A funding, the company announced June 11.
Archytas Ventures, a Century City-based holding company that specializes in the cannabis industry, has led a nearly $3 million oversubscribed round for one of its equipment companies.
Hawthorne-based OSI Systems Inc. announced June 7 that it received a $10 million contract to install its explosive detection system at “a European Union airport.”
Beverly Grove-based shoe company Tamara Mellon Brand Inc. has raised $23.6 million from investors according to a May 30 U.S. Securities and Exchange Commission filing.
Wheel Pros, a portfolio company of Santa Monica-based private equity firm Clearlake Capital, announced June 4 the acquisition Amcor Industries Inc. of Vernon.
A proposed state legislation advocating for warning labels on some garments made from synthetic fabrics, which can shed plastic microfibers, is no longer on the assembly floor.
Saban Brands LLC, owner of the Power Rangers and other entertainment properties, announced the layoff of 60 employees as Hasbro Inc. is set to buy the company.
Fresh off exiting bankruptcy, one of the successor companies to the former Breitburn Energy Partners oil company has filed notice with the state that it intends to exit Los Angeles in July, laying off 51 employees.
Video game publisher Blizzard Entertainment Inc., signed Hasbro Inc. as its master toy licensor for its Overwatch franchise, the company announced May 22.
Los Angeles Business Journal
On any given day, the first thing you’ll notice about FSC Lighting’s bright, spacious warehouse is its cheerful, bustling activity. The company, which is based in Rancho Cucamonga, manufactures energy-efficient commercial and industrial lighting.
Isaac Larian, chief executive of Van Nuys toymaker MGA Entertainment Inc., last month offered to merge the company with rival Mattel Inc., according to a report by the Wall Street Journal.
Differential Brands Group Inc. has named Maria Borromeo president for its Hudson Jeans brand, the company announced May 16.