TOURISM & LEISURE

LAX Passenger Traffic Edged Up in February, Shows Slight Gain Year-to-Date

February passenger traffic at Los Angeles International Airport eked out a slight gain of 22,000, or 0.4 percent, from January to reach 6.07 million and is up 0.8 percent on the year to 12.83 million, according to figures released by the airport’s governing authority on March 27.

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Global Icons Takes Majority Stake in Fred Segal

Sawtelle-based brand licensing agency Global Icons acquired Fred Segal, the iconic Los Angeles lifestyle luxury retailer from Evolution Media, which will maintain a minority stake in the company.

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Fashion Rental Site FashionPass Files Suit Against Rent the Runway

FashionPass is alleging competitor Rent the Runway pressured more than a dozen mostly Los Angeles-based fashion lines into an exclusive relationship in an effort to drive the smaller subscription clothing company out of business, according to a lawsuit filed in Los Angeles Superior Court Tuesday.

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LAX Surpasses Tokyo Airport for No. 4 Global Passenger Ranking

Los Angeles International Airport surpassed Tokyo’s major airport to move up a notch to the No. 4 spot on the list of the world’s busiest airports as ranked by 2018 passenger traffic, according to a report released March 13.

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Spirit Airlines to Begin Hollywood Burbank Airport Service in June

Spirit Airlines will begin service in June between Hollywood Burbank Airport and McCarran International Airport in Las Vegas.

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Z Gallerie Files for Bankruptcy Protection, Plans to Shutter 17 Stores

Home décor retailer Z Gallerie filed for Chapter 11 bankruptcy protection and plans to close 17 stores as part of its restructuring.

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Butterfly Equity to Merge Two Healthy-Food Chains Into a New Restaurant Division

El Segundo-based fast-casual restaurant chain Lemonade will merge with Denver-based Modern Market Eatery to form a new restaurant group with an eye toward franchising their healthy brand.

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On-Demand Storage Company Clutter Raises $200M From SoftBank Vision Fund

Clutter, an on-demand storage company that’s trying to shake up the storage market, raised $200 million to fuel its expansion into Philadelphia, Portland and Sacramento, it announced Wednesday.

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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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BROADWAY BLOOM

Can downtown’s Broadway recapture its retail glory?

Developers remaking Broadway with retail revolution.

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