Century City-based Ares Management Corp. was involved in separate deals this week, selling one of the largest veterinary and pet care services organizations in the world and providing $165 million in capital for a joint venture drilling for natural gas and oil in western Texas.
Santa Monica-based private equity firm Angeles Equity Partners said its portfolio company ERP Power purchased lighting components manufacturer Lumenetix Inc.
RETAIL: Secondhand luxury market set to double
Fashionphile has the vintage reselling industry in the bag.
Chatsworth toy manufacturer MGA Entertainment Inc. made a bid last month to merge with rival toy company Mattel Inc., in El Segundo, which rejected the offer.
Shares for El Segundo-based Beyond Meat Inc. soared more than 15% in afterhours trading after the company beat analysts’ expectations.
Mattel, the maker of Barbie and Hot Wheels, said Tuesday it will begin producing Hello Kitty & Friends under a licensing agreement with Japan’s Sanrio Inc, immediately boosting its share price.
RETAIL: Ecommerce fashion brand could face challenges
Revolve hopes to gain followers on Wall Street.
Space X has raised over $1 billion in the last six months as it seeks to bolster its plans to build a network of satellites in space, new filings show.
Electric vehicle battery maker Romeo Systems Inc., also known as Romeo Power Technology, raised $88 million in a funding round, according to a May 20 filing with the Securities and Exchange Commission.
A proposed 25% tariff on shoes made in China would be “catastrophic” for the industry and consumers, Los Angeles-based shoe companies Skechers, K-Swiss and L.A. Gear Inc. and dozens of other footwear brands and retailers warned President Donald Trump in a May 20 letter.
Skechers USA Inc. appointed corporate attorney Katherine Blair to its board of directors, becoming the footwear company’s first female board member.
West Lane Capital Partners, a Sawtelle-headquartered private equity company, said May 13 that it has taken a majority stake in Fantasy Files Group, a San Fernando-headquartered cosmetics company.
Imports into the nation’s largest two ports were near flat during April compared to the previous year as exports from China declined amid an ongoing trade war.
Commerce-based lighting designer and distributor Luminance Brands announced May 7 it acquired Emerson Air Comfort Products from St. Louis-based Emerson Electric Co. for an undisclosed amount.
Southern California Gas Co. has been hit with an $8 million fine from state regulators for alleged billing violations.