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Caroline Anderson

Stories by Caroline

Supervisors Move to Extend Gladstone’s PCH Lease

Lovers of Gladstone’s restaurant on Pacific Coast Highway in Pacific Palisades probably still have another couple years to enjoy the seafood spot.

Chain Deals Reflect Larger Industry Trend

Mendocino Farms sells majority to private equity; Counter goes to franchisor

The local restaurant trade very much reflected industry trends last week as two chains were snapped up – one changing hands in a deal between private equity firms and the other going to a strategic buyer.

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Fat Brands Inc. Acquires Hurricane Grill & Wings

Fat Brands Inc., the Beverly Hills parent of the Fatburger restaurant brand, has agreed to acquire the 60-unit Hurricane Grill & Wings brand for $12.5 million.

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Owner of Counter Burger Chain Sold, Will Leave L.A.

Canadian behemoth franchisor MTY Food Group Inc. has agreed to acquire the franchisors of the Counter and Built upscale burger chain brands for an undisclosed amount.

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TPG Capital Acquires Fast Casual Chain Mendocino Farms

Private equity giant TPG Capital has acquired a majority stake in downtown-based fast casual chain Mendocino Farms.

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Do Hotels Have Room for Airbnb?

No big Airbnb effect yet, but industry wary.

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Fastest Growing Private Companies: Halo Is Tops

Low-calorie ice cream maker grew its revenue 7,400 percent in 2014-16

Special Report: Overview of our annual 100 fastest-growing private companies.

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True Religion Out of Bankruptcy

Premium denim brand True Religion Apparel Inc. became the latest retailer to emerge from bankruptcy last month.

Departure of Bouchon Rattles L.A.’s Restaurant Industry

The news last month that world-famous celebrity chef Thomas Keller would close the Beverly Hills location of his French restaurant Bouchon on Dec. 31 came as a surprise to some in the L.A. restaurant industry.

Bouchon’s Departure Rattles Restaurant Industry

Beverly Hills bistro’s founder, Thomas Keller, blames lease dispute

The news last month that world-famous celebrity chef Thomas Keller would close the Beverly Hills location of his French restaurant Bouchon on Dec. 31 came as a surprise to some in the L.A. restaurant industry.

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Macerich Taking Offers for Westside Pavilion

Santa Monica real estate investment trust Macerich Co. is entertaining offers for its Westside Pavilion mall, company officials said.

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Fat Brands Acquires Ponderosa and Bonanza Steakhouse Brands

The owner of the Fatburger brand has completed the $10.5 million acquisition of Homestyle Dining, parent company of the Ponderosa and Bonanza Steakhouse brands.

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Westside Pavilion Faces Vacancies, Debt Pressures

Macerich mall troubled by tenant exits, possible loan default

Macerich Co.’s Westside Pavilion mall could be on the bubble of the great retail shakeout as revenue declines, tenants flee and financial troubles come to a head.

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Macy’s to Close Westside Pavilion Store Next Year

Macy’s Inc. plans to close its store at the Westside Pavilion mall in West L.A. next year as part of its previously announced plans to shutter about 100 locations nationally.

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AirBnB to Generate Nearly $1B in L.A. County Activity, Study Says

L.A. County AirBnB host revenue and visitor spending will generate about $906 million in overall economic output annually, according to a study from the Los Angeles County Economic Development Corp.

Angelenos Expected to Spend Nearly $700 on Holiday Purchases

Los Angeles shoppers plan to spend $688 on average on holiday purchases this year, according to a report released today by Accenture Consulting.

Fatburger Owner Fat Brands Inc. Debuts on Nasdaq

Fat Brands Inc. made its initial public offering on the Nasdaq yesterday after reaching its goal of raising $24 million on Friday.

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Available Hotel Rooms Near L.A. Convention Center Doubled in Last Five Years

The number of hotel rooms available or under construction around the Los Angeles Convention Center doubled to more than 5,000 rooms over the past five years, according to a study released yesterday by Councilmember Jose Huizar, who represents downtown.

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Forever 21 Makes Beauty Mark with New Stores

Riley Rose opens first spot at Glendale Galleria, with more locations planned.

Fast-fashion clothing retailer Forever 21 Inc. is moving into the beauty and home furnishings market.

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Panda Restaurant Group Buys Stake in Ventura Chain Urbane Café

Rosemead-based Panda Restaurant Group has made its latest investment in a dining startup, Ventura-based Urbane Café.

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Tetra Tech Scores $85M EPA Deal

$85 million contract for Tetra Tech

Tetra Tech Inc. Scores $85 Million EPA Contract

Pasadena engineering firm Tetra Tech Inc. has won an $85 million contract from the Environmental Protection Agency to assess abandoned uranium mines in the Navajo Nation in the Southwest, the company announced Wednesday.

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Pontifax AgTech Management Closes $105 Million Investment Fund

A Santa-Monica based agricultural investment firm backed by some of L.A.’s wealthiest individuals has closed its first fund with $105 million in commitments, the company announced Wednesday.

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Lion Capital Acquires Stake in Premium Denim Maker Paige

Santa Monica private equity firm Lion Capital has acquired an undisclosed stake in Compton premium denim maker Paige, according to West L.A.’s Sage Investment Banking, which advised Paige on the transaction.

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Andelman and Mullen, VC Vets, Announce New Venture

Two veteran L.A. venture capitalists have formed Bonfire Ventures, a Brentwood VC firm focused on software for businesses.

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Westfield Rebirth

Century City mall’s $1 billion renovation attempts to halt brick-and-mortar decline

Westfield Century City unveils its $1 billion makeover and a new approach to malls.

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Mars Food Latest Company to Leave L.A. Orbit

Candy maker’s pet industry subsidiaries will remain in Southern California

Mars Food is packing its bags for Chicago, becoming the latest major consumer packaged foods giant to leave Los Angeles.

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SEC Qualifies Fatburger’s $24 Million Initial Public Offering

The U.S. Securities and Exchange Commission has given the go-ahead to the $24 million initial public offering planned by Fatburger’s parent company, paving the way for the company to begin trading on the Nasdaq later this month.

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Labor Works Against Hotel?

HOSPITALITY: Westin sale may reflect union pull in LB.

Pro-labor policies may not have worked out for the sellers of the Westin Long Beach hotel.

Licenser of Eatery Brands Links IPO to Crowd

DINING: Fat Brands plans to fill plate with $24 million through Regulation A+.

Fatburger owner Fat Brands will try to fill its platefrom crowdfunding with a Regulation A+ public float.

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Wonderful Co. Acquires Pomegranate Grower and Distributor Ruby Fresh

West L.A.-based food and beverage outfit Wonderful Co. acquired Firebaugh-based pomegranate grower and distributor Ruby Fresh Inc. for an undisclosed sum, Wonderful announced Tuesday.

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Hotel Looks to Book Crowds From China

HOSPITALITY: Sheraton eyes San Gabriel Valley boom.

A Chinese developer checks in to the hotel business to serve the San Gabriel immigrant community.

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Buyer Looks to IPO To Feed Brand Deal

Fatburger parent Fat Brands looks to add to its plate with the acquisition of Homestyle Dining.

Sales Technology Firm Rings Up More Business

Appetize expands list of convention centers using its flexible software systems.

Playa Vista point-of-sale technology company Appetize Technologies Inc. is expanding its convention center business.

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Fatburger Franchisor Fat Brands Inc. Plans Public Offering; Agrees to Acquire Homestyle Dining

Fatburger is getting a friend. The burger chain’s Beverly Hills-based parent company Fat Brands Inc. has agreed to acquire Plano, Texas-based restaurant franchisor Homestyle Dining for $10.6 million, the company announced on Wednesday.

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Long Beach Hotel Finds Buyer for $84.8 Million

New owner checks in to Westin Long Beach hotel with $84.8 million acquisition.

Bakery Market Rises With Deal

MANUFACTURING: Buyer of BakeMark thinks national.

BakeMark USA’s baking products prove a hot acquisition target.

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Hotels May Book Records in 2018

Visitor numbers expected to climb despite international tourists’ presidential anxieties.

Local hotels should make room for more visitors in 2018, according to a city of L.A. agency.

Taking Risks in New Home

Immigrant entrepreneurs bet on their own businesses

Although they come from all over the world and have different backgrounds, immigrant entrepreneurs tend to share certain traits. One is a willingness to take risks, said Kate Brick, director of state and local initiatives at New American Economy, a nonpartisan immigration reform advocacy group in New York.

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Westin Long Beach Hotel Sold for $84.8 Million

The Westin Long Beach hotel sold for about $84.8 million this month, a loss of almost $4 million from the last time it changed hands in 2006, according to real estate data firm Real Capital Analytics Inc.

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Restaurant Data Firm Draws $11M

Restaurant data firm Bridg adds to its plate with an $11 million Series B round.

Grocery Delivery Service Adds More to Basket

Instacart expands coverage in Los Angeles amid push to draw shoppers online.

The fight for grocery delivery dominance is heating up as Instacart moves to bolster its L.A.-area presence.

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Restaurant Data Software Firm Bridg Raises $11 Million

West L.A. restaurant data software startup Bridg said Wednesday it raised $11 million in a Series B funding round.

German Grocer Aldi Partners with Instacart to Offer Delivery in L.A.

The stakes of the grocery delivery wars have just been raised. German discount grocer Aldi Inc. announced Monday that it plans to debut a grocery delivery service through Instacart in Los Angeles, Dallas and Atlanta later this month. Aldi, which mainly sells products with its own label, has almost 1,700 stores in 35 states, according to a press release. About 15 of its stores are in L.A. County.

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Pico Rivera Baking Company BakeMark USA Sold

Major Pico Rivera-based baking supply and distribution company BakeMark USA was acquired on Monday by London-based investment manager Pamplona Capital.

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Meal Kit Service Chef’d Raises $25 Million from Smithfield Foods Inc.

El Segundo-based meal kit delivery service Chef’d has raised $25 million from Smithfield, Va., pork producer Smithfield Foods Inc., the investor announced Monday.

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German Grocer Aldi Partners with Instacart to Offer Delivery in Los Angeles

German discount grocer Aldi Inc. announced Monday that it plans to debut a grocery delivery service through Instacart in Los Angeles, Dallas and Atlanta later this month. Aldi, which mainly sells products with its own label, has almost 1,700 stores in 35 states, according to a press release. About 15 of its stores are in L.A. County.

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DineEquity Inc. to Close More Than 100 Applebee’s Restaurants

Glendale-based restaurant company DineEquity Inc. has revised its expectations for its Applebee’s Neighborhood Bar & Grill concept, saying during its second-quarter earnings call Thursday that it expects between 105 and 135 locations to close this year.

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Natural Food Chain Pursues Organic Growth Plan

Erewhon will add outpost in Santa Monica; relocate HQ, kitchen to downtown L.A.

Natural food store Erewhon is picking up the pace with its expansion across Los Angeles County.

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Corporate Giving Dips Among Top 25 Firms

PHILANTHROPY: No. 1 spot in Los Angeles County remains with Wells Fargo.

Corporate donations in Los Angeles County slid last year among the top 25 firms.

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