Recent and archived news stories on: hospitality, retail, restaurants, style, travel, sports

Flying High

LA airports – and the airlines that serve them – see flights tick up in 2018

L.A.-area airports see record number of passengers.

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Goat Gets $100M Investment From Foot Locker

Tennis shoe giant Foot Locker Inc is betting big on a secondary sneaker market brand based in Culver City that’s created buzz with an app that helps sellers and buyers avoid counterfeits.

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Downtown-Based Luxury Cannabis Firm Beboe Purchased by Green Thumb Industries

Beboe, a downtown-based luxury cannabis company created by For Success Holding Company, was purchased by Chicago-based cannabis cultivator and dispensary operator, Green Thumb Industries Inc.

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Guthy-Renker Settles $8.5M Lawsuit Over Auto-Renewal Payments

Direct beauty marketing company Guthy-Renker settled an $8.5 million lawsuit alleging it illegally charged customers for Wen hair and Proactiv acne products through automatic payments renewals, officials announced this week.

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Subscription Vitamin Company Ritual Raises $25M

The women’s subscription vitamin company Ritual announced Feb. 5 it has raised $25 million in Series B funding, which it plans to create an “iconic” pill.

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Fat Brands Expanding in India With Plans to Open 60 New Restaurants

Beverly Hills-based Fat Brands is expanding their reach into India with 60 new co-branded Fatburger and Buffalo’s Express restaurants planned over the next decade, the company announced Monday.

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Can downtown’s Broadway recapture its retail glory?

Developers remaking Broadway with retail revolution.

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Torrance Aerospace Firm Donates $1.5M to Catalina Airport, Receives Naming Rights

Torrance aerospace firm Ace Clearwater Enterprises is donating $1.5 million towards the cost of runway repairs at Catalina Island’s Airport in the Sky, giving it naming rights to the airfield.

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FabFitFun Raises $80 Million

Beverly Grove-based fitness subscription company FabFitFun Inc. announced Jan. 30 it secured a $80 million Series A led by Kleiner Perkins Caufield & Byers.

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Ethiopian Airlines to End First Nonstop Service from LAX to Africa Next Month

Barely two months after it began, Ethiopian Airlines will end the first nonstop service from LAX to Africa next month, according to a report in online airline flight route tracker Airlineroute and indirectly confirmed in a press release from the airline.

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Passenger Traffic at LA-Area Airports Up in 2018

Passenger traffic rose in 2018 at all four commercial airports serving Los Angeles County, according to statistics released recently by each of the airport governing authorities.

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Wag Founders Raise $37 Million for Mobility Venture

Jonathan and Joshua Viner, co-founders of West Hollywood-headquartered dog walking app Wag Labs Inc., have a new venture dubbed Wheels.

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L.A. Sets New Tourism Record With 50M Visitors

Los Angeles set a new record for tourism in 2018 marking the eighth consecutive year of growth, officials announced Wednesday against the backdrop of L.A. Live.

Beyond Meat Adds Vegetarian Burgers to 1,000 Carl’s Jr.’s Locations

Beyond Meat Inc., based in El Segundo, announced Jan. 2 it linked with CKE Restaurant Holdings Inc., the parent company of fast-food chain Carl’s Jr., to offer meatless burgers at 1,000 Carl’s Jr. restaurants nationwide.

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MedMen Enterprises Strikes Deal to Acquire PharmaCann, Form New Firm

MedMen Enterprises Inc., a cannabis company based in Culver City, announced Dec. 24 it had agreed to acquire Chicago-based PharmaCann, doubling its reach to sell in a dozen states.

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