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Caroline Anderson

Stories by Caroline

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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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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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.

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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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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Long Beach Hotel Finds Buyer for $84.8 Million

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

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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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 Firm Draws $11M

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

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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New CEO for DineEquity

Glendale restaurant group DineEquity Inc. serves up new CEO

Clothing Maker Plans Almost 500 Job Cuts

Bankrupt clothing company BCBG Max Azria Group to cut 492 jobs at its Vernon HQ.

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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DineEquity Inc. Hires New Chief Executive as Sales Decline Continues

News of continued sales declines at DineEquity Inc.’s restaurants was sweetened with the company’s announcement of a new chief executive and a third-quarter stock dividend during its second-quarter earnings call Thursday.

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BCBG Max Azria Group Plans 492 Layoffs as Vernon HQ Closes

Bankrupt clothing company BCBG Max Azria Group is laying off 492 employees at its corporate headquarters in Vernon as the company winds down, according to a notice filed with the state’s Employment Development Department.

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New Alternative Restaurant Dine-In App Launches in Los Angeles

Some local restaurants are trying a new alternative to delivery to bring in customers with an app that launched in Los Angeles County Tuesday.

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Glendale Hilton Hotel Sells for $73.5 Million

The 351-room Hilton Los Angeles North in Glendale sold for almost $73.5 million, or more than $209,000 per room last month, according to commercial real estate database Real Capital Analytics.

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Beverage Investor Pins Hopes on Hard Stuff

First Beverage Group may spike new fund with alcoholic drink makers.

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Candy Seller Sugarfina Gets $35 Million Investment from Great Hill Partners

Boutique adult candy seller Sugarfina landed $35 million in growth equity financing from Boston private equity firm Great Hill Partners, the firm announced Thursday.

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American Apparel Clothes to Be Sold Retail Through Ecommerce Site

The American Apparel brand is returning to retail. Canadian apparel maker Gildan Activewear Inc., which purchased the bankrupt downtown clothing manufacturer’s intellectual property for $88 million in February, plans to sell some of American Apparel’s classic items through its former ecommerce site starting Aug. 14, Gildan said in a news release.

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CIM Group Sells New Sunset Strip Hotel to Starwood Capital Group

Mid-Wilshire real estate investment firm CIM Group has sold its new 286-room West Hollywood hotel at the intersection of Sunset and La Cienega boulevards for an undisclosed amount, the company announced this week.

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Another Round?

Pushing last call to 4 a.m. could boost revenues but add costs.

State bill to push last call to 4 a.m. could serve up more revenues and costs for businesses.

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Founder of Shuttered Chain Adds Targets to Suit

Fraser Ross expands filing against former Kitson CEO, accusing company’s lenders.

The saga over the unraveling of L.A. retailer Kitson continued this month with an amended complaint filed in Los Angeles Superior Court targeting the company’s lenders.

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Drink Maker to Pop Plan for Recovery

Reed’s financial moves drop share value but new chief executive says turnaround strategy coming.

Financial moves by Reed’s have shaken up investors’ faith in the company.

Urth Caffé Moving Kitchen, Coffee Roasting, HQ to Hawthorne

Downtown L.A. restaurant and coffee roaster Urth Caffé is moving its central kitchen and headquarters to Hawthorne, the company announced Tuesday.

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Longtime Family-Owned Honda of Hollywood Sold

Honda of Hollywood revs up interest from a San Jose-based buyer.

Trader Joe’s Yet to Join Rivals in Push for Delivery, Online Services

Sold on Stores

Delivery not seen as vital in near term for grocery chain Trader Joe’s despite market trends.

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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.

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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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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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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Snack Puffs Up

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

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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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