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Caroline Anderson

Stories by Caroline

Replacement Meal Maker Soylent Whips Up 7-Eleven Deal

Downtown manufacturer Rosa Foods Inc. will sell its line of Soylent meal replacement drinks in brick-and-mortar stores this month for the first time, the company has announced.

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Honda of Hollywood Dealership Sold to Bakhtiari Auto Group

A Hollywood car dealership that was owned by the same family for almost 60 years has been sold for an undisclosed amount, according to Irvine auto sales advisory firm Kerrigan Advisors.

Brentwood Associates Takes Minority Stake in Blaze Pizza

West L.A. private equity firm Brentwood Associates took a minority stake this week in Pasadena’s Blaze Pizza, according to the restaurant chain’s spokesman Joshua Levitt.

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Private Equity Fund First Beverage Ventures Raises $64 Million

Century City’s beverage advisor firm First Beverage Group has raised $64 million through its venture fund, according to a document filed Thursday with the U.S. Securities and Exchange Commission.

Replacement Meal Maker Whips Up 7-Eleven Deal

FOOD: Rosa to sell formerly online-only Soylent in stores to prep for national rollout.

Downtown manufacturer Rosa Foods Inc. will sell its line of Soylent meal replacement drinks in brick-and-mortar stores this month for the first time, the company has announced.

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Licensers Have Designs on Women’s Fashion Firm

APPAREL: Brand life holds some promise for bankrupt BCBG Max Azria Group.

Busted BCBG Max Azria Group could button up life as a brand and even keep some stores open.

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Fast-Casual Pizza Business Still Delivers in Sector

DINING: Blaze remains hot with franchisees as chain maintains rapid expansion.

Fast-casual chain Blaze Pizza is still bringing the heat through its expansion plans.

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Denim Maker True Religion Apparel Inc. Files for Bankruptcy Protection

Premium denim-maker True Religion Apparel Inc. filed for Chapter 11 bankruptcy protection Wednesday in U.S. Bankruptcy Court in Delaware.

App Maker Sees Room for Higher Tech at Hotels

TECHNOLOGY: Keypr helps guests connect with services, client venues push specials.

Travelers have come to expect a sophisticated tech experience when it comes to lodging, according to Nizar Allibhoy, chief executive of downtown-based Keypr, which recently raised $12.8 million to market the notion.

Los Angeles Fines Carl’s Jr. Restaurants $1.45 Million for Minimum Wage Violations

The city of L.A.’s Office of Wage Standards has ordered Carpinteria-based fast food company Carl’s Jr. Restaurants to pay $1.45 million in restitution and fines for minimum wage violations at seven of its L.A. corporate-owned restaurants.

Will $50 Million Buy Wonderful Result?

agriculture: Ad spend headed for TV spots, ballparks.

Wonderful Co. hopes customers go nuts for its $50 million pistachio ad campaign.

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Meal Kit Service Mixes in Campbell Soup

Chef’d has added Campbell Soup to the mix as the meal kit delivery company’s largest investor.

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Snack Puffs Up

Hippeas has new investors in the chickpea bag including Hollywood star Leonardo DiCaprio.

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Hangzhou Liaison Interactive Information Technology Co. Invests $179 Million in Newegg Inc.

A Chinese tech company announced Tuesday that it would invest more than $179 million to increase its stake in online electronics retailer Newegg Inc. to almost 94 percent from 55.7 percent, according to Bloomberg.

Commerce Owner of Papaya Clothing Files for Bankruptcy

Cornerstone Apparel Inc., the Commerce-based owner of teen retailer Papaya Clothing, filed for bankruptcy in U.S. bankruptcy court in Los Angeles last week.

Brand Licensors See Clothing Maker as Good Fit

FASHION: Two suitors eye BCBG Max Azria Group’s assets including store leases.

Don’t write off BCBG Max Azria Group yet.

Nestle Considering Sale of U.S. Candy Business

Nestle is considering a sale of its U.S. candy business, the Swiss-based conglomerate with headquarters in Glendale announced on Thursday.

Trader Joe’s to Seek Injunction Against Unauthorized Canadian Reseller

Monrovia-based grocer Trader Joe’s Co. can file an injunction against an unauthorized Canadian reseller of its goods as early as Monday, according to court documents.

Beyond Meat Makes Distribution Deal for 280 Safeway Inc. Stores

Beyond Meat, an El Segundo maker of a meat alternative, is increasing its reach with a deal to be distributed in 280 Safeway Inc. stores in Northern California, northern Nevada, and Hawaii.

20 in their 20s: Eden Chen

From a 22-year-old manager of e-sports teams to a 92-year-old manufacturing executive, the Business Journal spotlights some of the working world’s newcomers and old hands.

Dan Tana’s Aims to Bottle Exclusive Air

Dan Tana’s looks to serve up the restaurant’s air of exclusivity with branding and licensing deals.

20 in their 20s: Nicolas Bijan

From a 22-year-old manager of e-sports teams to a 92-year-old manufacturing executive, the Business Journal spotlights some of the working world’s newcomers and old hands.

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20 in their 20s: Andrea Borgen

From a 22-year-old manager of e-sports teams to a 92-year-old manufacturing executive, the Business Journal spotlights some of the working world’s newcomers and old hands.

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20 in their 20s: Ray Li

From a 22-year-old manager of e-sports teams to a 92-year-old manufacturing executive, the Business Journal spotlights some of the working world’s newcomers and old hands.

Diet Soda Maker’s Online Sales Shake Up Sector

BEVERAGES: Zevia bested all competitors except Coke with healthier alternatives.

Azero-calorie soda company is rising to the top in online sales as American consumers thirst for healthier alternatives.

Leonardo DiCaprio and Strand Equity Partners Invest in Hippeas Snack Maker

Hippeas’ chickpea puffs are getting a boost from actor Leonardo DiCaprio and private equity firm Strand Equity Partners.

Low-Calorie Halo Top Ice Cream Has Proved Hot Sales Item

Scooping Market

Eden Creamery seeks a bigger scoop of the ice-cream market with its low-calorie Halo Top brand.

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Making L.A. Work

ECONOMY: Icons talk industries, culture.

Patrick Soon-Shiong, Peter Lowy, Tyra Banks, Eli Broad, and Michael Milken spoke at the Business Journal’s inaugural Icons event.

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LABJ Icons: Patrick Soon-Shiong Plans Cancer Center; Peter Lowy Maps Westfield Growth

Biotech billionaire Patrick Soon-Shiong plans to open an L.A. cancer treatment center this summer, he said Wednesday during the Business Journal’s Icons event at Montage Beverly Hills.

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Forever 21 to Open Line of Riley Rose Beauty Boutiques

Forever 21 announced on Friday that it is launching a line of beauty boutiques.

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Cava Group Inc. Expands Mediterranean Restaurants, Food Wholesaling, in Los Angeles

Cava Group Inc., a young Mediterranean food company, is in the midst of an aggressive expansion in Los Angeles after raising a $30 million C series round in March.

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Clothing Firm Sees Budding Opportunity in Weed

APPAREL: New owner of Dope looks to leverage name as pot use becomes legalized.

Fashion label Dope’s new owner wants to inject some green into the business he bought last month.

Forever 21 Cuts Prices With F21 Red Chain

APPAREL: High on Low

Fast-fashion pioneer Forever 21 is speeding its efforts to expand its discount brand F21 Red.

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L.A. Tourism Hits Hospitality High

Visitors spent record amount last year, but local officials wary of Trump’s impact on travel.

TOURISM: L.A. County welcomed record numbers in 2016, but officials are bracing for travel-ban fallout.

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Drug Maker Put to Test

BIOTECH: Shares of Puma tumble after exec’s exit prior to crucial review by FDA.

BIOTECH: Fate of drug company Puma could hinge on upcoming FDA review of its cancer treatment neratinib.

Puma Biotechnology Stock Slumps as Regulatory VP Departs Before FDA Review

Puma Biotechnology Inc.’s stock took a dive last week after its regulatory executive resigned less than three weeks before a U.S. Food and Drug Administration panel is scheduled to review the public company’s breast cancer drug Neratinib.

El Segundo Medical Firm Radiology Partners Raises $200 Million

Specialized medical firm Radiology Partners raised $200 million for an undisclosed stake from a group of new and old investors, the privately held El Segundo company announced this week.

Big Bill Ahead

RETAIL: 99 Cents Only still struggling to jump-start sales.

99 Cents Only faces a big payment as a debt deadline nears for the highly leveraged chain.

Eatery CEOs Talk Range of Important Ingredients

CONFERENCE: Serving up branded products for online, retail sales among pursuits.

The challenges of labor costs and shifting customer tastes are forcing the restaurant industry to find new strategies, from licensing brands for products found on big-box store shelves to using creative ways to cut overhead.

Investor Dips Into Social Impact With Chip Buy

Venture capital firm’s deal for snack maker gives gang reform program a taste of the equity.

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Towering Hotel May Be High Impact Downtown

HOSPITALITY: Arrival of Wilshire Grand Center could overshadow rivals’ business.

Wilshire Grand Center has no reservations about checking in to L.A.’s thriving hotel scene.

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Greenlake Investment Management to Open Ziplines at Pacific Crest

A South Pasadena commercial real estate investment firm plans to reopen a 300-acre property in the Angeles National Forest that features a zipline course next month.

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Scrubs Maker Cleans Up

APPAREL: Medical clothing of Jaanuu scores $5 million from fashion industry vets.

Jaanuu, a maker of clothing for the medical sector, marks a healthy $5 million investment round.

Whole New Strategy for Randy’s Donuts

Randy’s Donuts finds a sweet spot in Century City for first expansion.

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Brian Lee, Ron Burkle-backed Medical Apparel Startup Jaanuu Raises $5 Million from Retail Execs

A medical apparel startup looking to disrupt the industry has raised $5 million from investors, including former executives from ecommerce women’s clothier Nasty Gal Inc. and Nordstrom.com, the company announced Wednesday.

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Chef Nobu, Larry Ellison, and Robert De Niro Open Nobu Ryokan Hotel in Malibu

There are some boldface names behind the opening of the Nobu Ryokan hotel on Carbon Beach in Malibu later this month.

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Online Venture Looks to Serve Up Job Applicants

EMPLOYMENT: Workpop partners with industry group to boost bosses’ hire power.

A state restaurant advocacy group and a job search startup want to make the process of matching employers with potential employees more palatable.

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Avocados Not So Fruitful

FOOD: Poor harvest boosts prices, reduces availabilty as Cinco de Mayo closes in.

Off production year will pare back the availability of avocados for Cinco de Mayo.

Easter May Deliver Hopped-Up Sales

Holiday’s later date could spur shoppers to put even more in baskets, according to retail group

Industry group expects Easter’s later date to egg on shoppers to increase their holiday spending.

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Upfront Ventures’ Mark Suster Quickly Bought in to L.A.’s Future as a Tech Development Hub

Early Entry

Upfront Ventures’ Mark Suster plugs L.A.’s tech scene after forming an early connection.

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