Stories by Shwanika
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.
Walmart adds five L.A. companies to supplier roster
How five local manufacturers got into Walmart.
Jaanuu Inc., makers of scrubs for medical professionals made a foray into men’s medical clothing by launching two new collections, the company announced June 20.
Culver City-based SnackNation which curates healthy snacks delivered to offices and homes announced June 20 the acquisition of EdgiLife Media Inc. and its brand, Love With Food. Terms of the deal were undisclosed.
TRADE: 17 out of 20 largest foreign cos. with L.A. HQs
Asian outfits dominate the Business Journal’s list of foreign companies with U.S. headquarters in L.A. County.
New hair academy opens as part of German company’s regional headquarters
German beauty brand Henkel opens a new training center in Culver City.
eSalon’s new HQ heralds hair product company’s growth
Customized hair color brand eSalon has a new El Segundo HQ.
Following a months-long investigation into sexual misconduct allegations, downtown-based apparel brand Guess Inc. announced the resignation of co-founder Paul Marciano as executive chairman of the board in a Securities and Exchange Commission filing on June 12.
Inglewood-based PolyCera Membranes, makers of industrial wastewater treatment and process separation technology raised a $9 million Series A funding, the company announced June 11.
Entrepreneur embraces natural ingredients, Heretic label
Fragrance entrepreneur at it again.
MARKETING: L Catterton backs Alba venture
Playa Vista-based Honest Company Inc. got a $200 million minority investment from private equity firm L Catterton last week.
Hawthorne-based OSI Systems Inc. announced June 7 that it received a $10 million contract to install its explosive detection system at “a European Union airport.”
Playa Vista-based Honest Company Inc. announced June 6 that it received a $200 million minority investment from private equity firm L Catterton.
Harry Potter fans rally to add vegan option at Universal Studios theme parks
It’s going to take a little more than magic for a group of Harry Potter fans pining for vegan butterbeer on the menu at the Wizarding World of Harry Potter parks at Universal Studios, including the Universal City location.
Beverly Hills-based Fat Brands Inc. is planning to expand its international footprint by opening at least five of its Fat Burger and Buffalo Express restaurants in Bali and Jakarta, Indonesia, the company announced June 5.
Lincoln Heights-based clothing retailer, Forever 21 Inc., joins a list of companies planning to phase out mohair in their garments by 2020 after a video produced by People for the Ethical Treatment of Animals showed mistreatment of the animals that are the source of mohair – goats.
Beverly Grove-based shoe company Tamara Mellon Brand Inc. has raised $23.6 million from investors according to a May 30 U.S. Securities and Exchange Commission filing.
Wheel Pros, a portfolio company of Santa Monica-based private equity firm Clearlake Capital, announced June 4 the acquisition Amcor Industries Inc. of Vernon.
A proposed state legislation advocating for warning labels on some garments made from synthetic fabrics, which can shed plastic microfibers, is no longer on the assembly floor.
ECONOMY: Largest combine for 6.4% hike in revenue
The 100 largest minority-owned businesses based in Los Angeles County combined for $18.7 billion in revenue in 2017, up 6.4 percent from a year earlier.
List of goods targeted for tariffs expected from White House on June 15
Latest from Trump administration on China trade injects uncertainty into the local economy.
Culver City-based SnackNation which curates and delivers healthy snacks raised $12 million in a Series B round, the company announced May 30.
Kitchen United offers existing restaurants space, help on delivery services
Commercial kitchen intended to help brick-and-mortar restaurants get into the delivery game.
Founder, Wolfgang Puck Worldwide Inc.
Celebrity chef and restaurateur Wolfgang Puck did not finish high school, but from an early age – 14 to be exact – he knew he wanted to be a chef.
Alfred Osborne, associate senior dean of external affairs and a professor at the UCLA Anderson School of Management, has been tapped as the school’s interim dean starting July 1, the school announced on May 22.
Video game publisher Blizzard Entertainment Inc., signed Hasbro Inc. as its master toy licensor for its Overwatch franchise, the company announced May 22.
RESTAURANTS: Signs point to trend of younger franchisees
It’s no surprise that the Business Journal’s list of the top restaurant chains is again dominated by fast-food and fast-casual restaurants – concepts based on large-scale operations.
Conference chance to normalize relations amid Trump’s tough trade talk
Dedicate discussions at California-China Summit.
Differential Brands Group Inc. has named Maria Borromeo president for its Hudson Jeans brand, the company announced May 16.
Pelican Products, makers of protective cases for a range of products, is sponsoring a pilot program that will bring six UK-based entrepreneurs to the company’s headquarters in Torrance for training this fall.
The Port of Long Beach saw a 10.8 percent increase in cargo movement for the month of April compared to the same time last year. Port of L.A. on the other hand, recorded a decline.
Calls for warning label on synthetic clothing
Legislation to require warning labels on garments made of synthetic fabric draws ire of apparel makers.
Beyond Meat, makers of plant-based meat substitute products, announced its plan to enter the global market beginning this summer.
Tourists visiting Los Angeles County pumped a record-setting $22.7 billion into the local economy last year, the L.A. Tourism and Convention Board announced on May 7.
The South Coast Air Quality Management District moved a step closer in regulating pollution stemming from trucks by focusing on a different sector of the cargo movement supply chain: warehouses.
Organizations to host trade-related events throughout month
The business community in L.A. County, which set the pace on World Trade Week nearly 100 years ago, is getting set for the latest annual celebration.
FOOD PROCESSING: Relocates 150 employees; partners with aquarium on education
Chicken of the Sea International, providers of canned seafood products, moved its North American headquarters to El Segundo from San Diego, the company announced last week.
An L.A.-based company was included on a list of 50 fastest-growing, women-owned business, as ranked by the non-profit Women Presidents’ Organization.
Chicken of the Sea International, providers of canned seafood products, moved its North American headquarters from San Diego to El Segundo, the company announced May 2.
Century City-based Saban Brands, creators of the live-action Power Rangers children’s show, agreed to sell the brand to Hasbro Inc. for $522 million, the companies announced May 1.
Combined company worth estimated $1.5B
Beverly Hills-based Platinum Equity’s portfolio company, Interior Logic Group, announced its merger with competitor Interior Specialist Inc. on May 1. Terms of the deal were undisclosed.
MANUFACTURING: Former YouTube studio exec Kreiz follows Google vet
Mattel Inc.’s fourth chief executive in four years officially took the helm of the company last Thursday.