MANUFACTURING

Footwear Brands Say Shoe Tariff Would be ‘Catastrophic’ to Business

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.

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Katherine Blair Named First Woman to Skechers Board

Skechers USA Inc. appointed corporate attorney Katherine Blair to its board of directors, becoming the footwear company’s first female board member.

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West Lane Capital Partners Takes Majority Share in Cosmetics Outfit

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.

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Imports Flat at Ports of LA, Long Beach as Trade War Continues

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.

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Commerce Lighting Company Luminance Brands Acquires St. Louis Fan Business

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.

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SoCal Gas Fined $8M by State Regulators for Alleged Billing Violations

Southern California Gas Co. has been hit with an $8 million fine from state regulators for alleged billing violations.

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Long Beach Container Terminal Sold for $1.8 Billion

Hong Kong-based Orient Overseas International Ltd. said Tuesday that it will sell Long Beach Container Terminal to a consortium led by Australia’s Macquarie Group for $1.78 billion.

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Smith-Cooper Merges with Anvil in PE-backed Deal

Commerce-based Smith-Cooper International agreed to merge with Anvil International in a deal backed by two private equity firms

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Port Logistics Group Buys Ecommerce Shipping, Warehouse Service

Port Logistics Group will acquire Oakland-based Whiplash Merchandising Inc., an ecommerce shipping and warehousing service, in a move which will expand PLG’s ecommerce fulfillment capabilities.

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Beyond Meat Sets IPO Pricing, Seeks $1.2 Billion Valuation

El Segundo-based Beyond Meat Inc. set the terms of its initial public offering and released more details about its operations in disclosures filed April 22 with the Securities and Exchange Commission.

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Harbor Commissioners Postpone Automation Vote

Hundreds of dockworkers booed as the Los Angeles Board of Harbor Commissioners announced Tuesday morning to postpone a vote for 30 days on automation at the West Coast's largest terminal at the request of Los Angeles Mayor Eric Garcetti.

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Warehouse Tech Platform Flowspace Raises $12M

Culver City-based Flowspace Inc., a technology company that helps connect businesses with available warehouse space and fulfillment services, announced April 16 it raised $12 million in Series A funding.

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Butterfly Buys Bolthouse Farms From Campbell's for $510M

Butterfly Equity acquired Bolthouse Farms, best known for its refrigerated juices, from Campbell Soup Company for $510 million, the Beverly Hills-based firm announced on April 12.

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Imports Tick Up Despite Decline in Chinese Shipments

Imports into the San Pedro Bay rose slightly in March compared to the previous year, even as the nation saw fewer shipments come in from its largest trading partner, China.

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Soylent Inks Distribution Deal With Walmart

Retail giant Walmart will distribute meal replacement maker Soylent, giving its Los Angeles downtown parent company, Rosa Foods Inc., a major boost.

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