MANUFACTURING
LA Startups Take Advantage of Booming Pet Care Industry
Owners are increasingly giving their dogs and cats the luxury treatment, which is leading to strong growth for the pet care industry in Los Angeles.
Fisker Reports Net Loss of $177 Million
Electric vehicle maker Fisker Inc. reported a net loss of $177 million, falling short of analysts' expectations for the first quarter.
LA, Long Beach Ports Post Another Month of Record Gains in April
The ports of Los Angeles and Long Beach logged another record-breaking month of cargo volume in April.
Mattel Launches Toy Recycling Program
Mattel Inc. said it’s launching PlayBack, a toy recycling program designed to collect and reuse materials to make new Mattel products.
Beautycounter Sells Majority Stake to Carlyle Group
Santa Monica-based Counter Brands, doing business as Beautycounter, sold a majority stake to Carlyle Group Inc., a Washington, D.C.-based investment firm.
L’Oréal USA Plans Second Headquarters in El Segundo
New York-based makeup and skin care conglomerate L’Oréal USA said it will open a second company headquarters in El Segundo in early 2022.
Big 5 Earnings, Stock Price Surge
Big 5 reported what it called an “extraordinary start to fiscal 2021.”
Beyond Meat Misses on Earnings Expectations
Shares of Beyond Meat Inc. dipped about 6% on May 6 after the company posted top- and bottom-line results below Wall Street expectations.
Health Care Apparel Brand Figs Files for IPO
Figs Inc., a Santa Monica-based health care apparel brand, has filed for an initial public offering.
SpaceX Ramps Up With New Missions and Deals
SpaceX launched its third crewed mission on April 23, sending four astronauts to the International Space Station.
Apparel-Maker Outerknown Uses Tech to Aid Recycling Efforts
The Culver City-based apparel-maker Outerknown launched Second Spin, a collection of men’s and women’s loungewear that feature a QR code.
Beyond Meat Sets Large Expansion in Europe
Beyond Meat Inc. said it will increase product distribution to thousands of new retail locations in the United Kingdom, Germany, Austria, Switzerland and the Netherlands.
Skechers, Mattel Top Wall Street Projections for First Quarter
Shares of Skechers USA Inc. rose about 8% in after-hours trading on April 22, after the footwear and apparel manufacturer reported first-quarter sales and earnings that beat Wall Street expectations.
Glass House Venture Grows Hemp in Mojave Desert
Glass House and Cadiz formed a joint venture in late 2019 to grow hemp in the Mojave Desert.
Celebrities Embrace Commercial Cannabis Opportunities
When Seth Rogen’s website for cannabis and related paraphernalia opened to shoppers in Los Angeles last month, it crashed almost instantly from a surge in demand.
