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Caroline Anderson

Stories by Caroline

Record, Notable Dips for L.A. in 2017 Visitor Counts

Tourism is up for L.A. County from high-spending international visitors.

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Record 48.3 Million People Visited L.A. County Last Year

The county of Los Angeles welcomed a record number of visitors for the seventh year in a row, hosting 48.3 million visitors last year, the Los Angeles Tourism & Convention Board announced Jan. 10.

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Pontifax AgTech Leads $9.5 Million Round in Biostimulant Producer Inocucor Corp.

Santa Monica’s Pontifax AgTech led the second closing of a $9.5 million Series B round in Denver agricultural technology company Inocucor Corp., the companies announced Jan. 8.

More Restaurants Develop Appetite for Dine L.A.

Biannual promo push helps put upscale local eateries in national picture

Dine L.A., the city’s two-week foodie-dream, returns to Los Angeles with more restaurants.

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Franchisers Post 7.8% Increase in Banner Year

Restaurants lead way as franchisers expand base in growth year

Franchisers, particularly restaurants, in L.A. County added units to grow numbers.

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Forever 21 Reports $40 Million Loss; Closes More U.K. Stores

Lincoln Height’s Forever 21 Inc. posted a loss of more than 29 million pounds, or almost $40 million, for its seven U.K. retail stores for the year ended Feb. 28, 2016, according to an annual report filed with the U.K. government on Dec. 15, 2017.

Fig Fancy

Downtown hotel set to reopen after extended renovation

Hotel Figueroa makeover goes long.

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Can Guitar Center Find New Rhythm?

RETAIL: Ares’ portfolio company’s debt downgraded

Ratings agencies say Guitar Center out of rhythm.

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Mattel Inc. Lays Off 70 Employees to Cut Costs as Turnaround Falters

El Segundo toy company Mattel Inc. permanently laid off 70 employees earlier this month, according to a WARN notice filed with the California Employment Development Department.

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Pressed Juice Seller Juice Served Here Inc. Shutters Abruptly

L.A. pressed juice company Juice Served Here Inc. has shut its retail stores and wholesale business, according to the company.

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City National Bank Beefs up Food and Beverage Expertise

Downtown’s City National Bank expanded the headcount of its newer food and beverage group to 16 bankers, the company announced in a statement today.

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Brick-and-Mortar Trends Toward Demos, Intros

CBRE report points out shift from cash registers to smart phones at shops

Retailers are using smartphones rather than cash registers, and replacing inventory for purchase with new items for testing.

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Two L.A. Hotels Among Ten Largest Hotel Transactions This Year

Two of the 10 biggest hotel transactions in the U.S. this year involved L.A. properties, according to a list published yesterday on Santa Barbara real estate technology firm Yardi Systems Inc.’s blog Commercial Café.

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New Fix on Fixtures

$6.5 Billion Kohler Brand Opens WeHo Experience Center

Kohler’s next-gen commodes and fixtures get West Hollywood showroom.

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L.A. Small Business Owners More Confident in Economy than National Average

Professionals finding gigs in the L.A. metro area through local services website Thumbtack said they have more confidence in their business and the economy in the near future than the nationwide average, according to a study released Wednesday by the San Francisco company.

Hotel Heat Makes Old Buildings Cool

Hot hotel market means new life for some old office buildings.

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Madera Group Seeks Strategic Edge With M|O|M

Delivery-only concept seen as possible supplement to outfit’s fast-casual chain

There’s a new restaurant opening in town…minus the restaurant.

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New Food and Beverage Investment Platform Launched in Santa Monica

Santa Monica private investment firm Clearlake Capital Group and beverage veteran Bill Moses announced Thursday the formation of Disruptive Brands, an investment platform specializing in better-for-you foods and beverages.

Suite Deal

Customers at the newly renovated Westfield Century City mall now have the option of a high security, concierge-type service.

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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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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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Do Hotels Have Room for Airbnb?

No big Airbnb effect yet, but industry wary.

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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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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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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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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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