Stories by Shwanika
The assets of Los Angeles County’s top 50 private charitable foundations and trusts collectively topped $41.1 billion last year, a 4.8 percent boost over the prior year.
Santa Monica-based Macerich Co. and retail developer and operator Simon Property Group Inc. announced they will join to build an outlet mall in Carson.
The Port of Long Beach was approved for a $50 million grant to develop clean equipment and technology for various sectors of its cargo movement supply chain.
Face Haus adds locations in Santa Monica, USC Village, Manhattan Beach
West Hollywood-based Face Haus, a beauty bar whose slogan is “facials for the people,” opened its fourth location late last month and has plans for another already in the works.
L.A. metro area leads state in growth of women-owned firms over last decade
Women-owned business in the Los Angeles metro area led the state in growth.
RETAIL: Plan to “reimagine” retail center underway
Santa Monica’s Third Street Promenade examines whether to reinvent itself once again.
Ahead of the holiday shopping season, Santa Monica-based Happy Returns is expanding its return services via 125 Paper Source stores nationwide.
The El Paseo shopping center in South Gate is the latest retail outfit to offer experiential services to its patronage by signing a 10-year lease with Hapik, an indoor climbing park.
Downtown-based company adds local grocers on heels of debut in NorCal, Oregon
Avocado sauce maker Kumana Foods expands into supermarkets.
RETAIL: Fast-fashion specialist moves to bolster website, mobile app
Forever 21 debuts new visual search feature to boost online sales.
What all the time, money meant for Hotel Figueroa
So what took downtown’s Hotel Figueroa so long to re-open?
Online customers of fast-fashion retail chain Forever 21 will soon be able to shop for items using a new visual search function.
Building listed for $300 million
Brooks Brothers is permanently closing its store at 468 N. Rodeo Drive in Beverly Hills on Aug. 27.
A Santa Monica parking lot operator was sentenced to almost six years in federal prison for a bribery scheme that bilked the U.S. Department of Veteran Affairs out of $13 million.
Beverly Hills-based Fat Brands Inc. is planning to roll out 12 Fat Burger and Buffalo Express restaurants throughout Southern California, the company announced Aug. 20.
AUTOS: Increase in units sold tops broader markets
The market for L.A. County’s auto dealers in 2017.
RETAIL: Everything but e-commerce hit discount chain
How National Stores plans to rescue itself from Chapter 11 bankruptcy in the challenging retail climate.
Long Beach-based Cargomatic Inc., an online platform that helps connect shippers and truckers for cargo delivery, closed a $35 million Series B round, the company announced Aug. 16.
Watch company Mvmt (pronounced movement) is set to be acquired by Movado Group Inc. for $100 million, the companies announced Aug. 15.
Compton-based logistics company, Southern Counties Express Inc., was acquired for $65 million in cash by competitor Universal Logistics Holdings Inc., the companies announced Aug. 10.
LA Original pop-up shop at the MOCA promotes local artisans
Local artisans display their wares under the LA Original banner at the Museum of Contemporary Art pop-up store.
Online retailer holds event to show off jewelry, talk women in business
Accessory Junkie launches its brick-and-mortar pop-up with a working women party.
The Port of Long Beach and Long Beach City College have partnered up to launch a new training program to prepare students for jobs in the global logistics and supply chain industry.
Private Equity firm, Strand Equity Partners closed a minority investment in Brooklyn-based vegan ice-cream brand, Van Leeuwen Ice Cream. Terms of the deal were not disclosed.
Firm helps retailers reach Chinese millennials
Pasadena firm plays matchmaker between Chinese travelers and local retail centers.
Downtown-based Reliance Steel & Aluminum Co. announced Aug. 1 the acquisition of sheet metal fabrication companies, KMS Fab and KMS South Inc. Terms of the deal were undisclosed.
Sawtelle-based private equity firm Vance Street Capital announced the recapitalization of Jet Parts Engineering Inc. in Seattle. Terms of the deal were undisclosed.
The rise of social media itself has led to a shift to platforms and personalities that brands consider to be influential.
Hawthorne-based OSI Systems Inc. signed a new five-year contract with United States Customs and Border Protection valued at up to $140 million, the company announced June 26.
China-based e-commerce giant picks L.A. brand for first try on concept
“Smart” racks, mirrors and fitting rooms to debut in Guess’s new Hong Kong store.
Chef’d, the meal-kit delivery company which suddenly shut down business operations recently found a buyer of its assets in competitor True Food Innovations. Terms of the deal were undisclosed.
Amidst revenue loss for a fourth straight quarter, El Segundo-based Mattel Inc. plans to cut 2,200 of its workforce, the company announced in its second-quarter earnings released July 25.
Booming job growth continues to drive tight rental market.
More jobs in L.A. County puts downward pressure on apartment vacancies in first quarter.
Culver City “curator” puts healthy snacks on office menus
SnackNation expands offerings.
El Segundo-based meal kit delivery company Chef’d abruptly closed business operations on Monday July 16.
Cargo movement at the Port of Long Beach set a new record for the month of June while neighboring Port of Los Angeles saw a slight decrease in volume.
Culver City-based Tender Greens announced July 12 that company president Denyelle Bruno will take on the role of chief executive effective immediately.
Plan to change fee structure at ports incites opposition from retailers, other big freight owners
New proposal at ports.
Unisource Solutions hires former supplier to lead local production
Unisource Solutions Inc. takes manufacturing in-house.
Commerce-based Differential Brands Group Inc. which designs, develops and licenses apparel products, announced July 10 that its Robert Graham brand signed a licensing agreement with Peerless Clothing International Inc.
ECONOMY: Boomers’ retirements drive demand
Retained executive search firms gain opportunities as baby boomers exit the C-suite.
Restaurant franchising company Fat Brands Inc. announced July 5 that it had entered a $16 million senior credit facility to help complete its previously announced acquisition of Hurricane Grill and Wings.
Beginning July 1, all janitorial service providers and contractors are required to register with the state of California on an annual basis. Failure to do so will result in fines, the state’s labor commissioner’s office said.
El Segundo-based Beyond Meat Inc., producers of plant-based meat substitute products is expanding its manufacturing footprint threefold, the company announced June 29.
ECONOMY: Top 100 combine for 1.8% sales hike
Women-owned businesses in L. A. County combined for nearly $20 billion in sales in 2017.
Requests for comment kick off EIR review process for $130M cargo project
Port of L.A. takes step towards proposed Harbor Performance Enhancement Center.
Commerce-based Differential Brands Group announced June 27 that it had agreed to acquire a majority stake in Hong Kong’s Global Brands Group Holding for $1.3 billion. Both companies are designers, developers and licensors of apparel products.
Venice-based Parachute Home Inc., designers and manufacturers of bedding products, raised a $30 million Series C round the company announced June 27.
China-based Cosco Shipping Holdings Co. is considering putting a container terminal at the Port of Long Beach in a U.S.-run trust in response to concerns raised by federal regulators regarding the shipping company’s pending ownership of the facility, according to the Wall Street Journal.
Century City-based private equity firm OpenGate Capital completed the sale of its portfolio company NorPaper Group to a Lebanese firm, the company announced June 22. Terms of the deal were undisclosed.