TOURISM & LEISURE
Recent and archived news stories on: hospitality, retail, restaurants, style, travel, sports
Local Hotels See Recovery
It’s a Friday evening high above the Sunset Strip, and the rooftop of Pendry West Hollywood — a new complex that holds a private social club with a rooftop bar and restaurant, multimillion-dollar condos and a hotel managed by Montage Hotels and Resorts — is buzzing.
Electronics Retailer Newegg Goes Public
Newegg Inc., a City of Industry-based electronics retailer, has gone public via a reverse merger with a publicly traded sister company, Lianluo Smart Ltd.
Drake-Backed Daring Foods Raises $40 Million
The health-conscience, plant-based chicken substitute market isn’t without competition, so it doesn’t hurt to have rap superstar Drake as an investor.
Coffee Bean’s New US President Eyes Expansion
Coffee Bean's new U.S. president outlines his plan for increasing the company's brick-and-mortar footprint to all 50 states via new and existing franchisees
Beachbody Posts Revenue Gain Ahead of Merger
Beachbody Co. Group, a Santa Monica-based subscription health and wellness company, posted a 34% uptick in revenue for the first quarter of 2021.
Domestic Traffic at LAX Rebounds in April
Domestic passenger traffic rebounded at LAX in April but international travel is still suffering.
Prima Raises $9 Million for CBD-Infused Beauty Products
Beauty brand Prima, founded by an Honest Co. alum, raised $9.2 million in a seed-plus funding round to support its retail expansion.
Frontier Airlines to Pull Out of LAX
Denver-based Frontier Airlines is pulling out of LAX by September, citing increased costs as a factor.
LA Travel Companies Are Bouncing Back
After more than a year of canceled vacations, closed attractions and halted events, there are signs of a comeback in L.A.
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.”
Luxury Retailers Report Signs of Recovery
Local luxury merchants are hopeful that the near-full recovery is on the horizon. But experts warn the progress should be taken with a grain of salt.
Airports See Surge in Passenger, Cargo Traffic
Passenger traffic at local airports surged in March, hitting the highest level since the pandemic began while air cargo continued to soar.
Domestic Passenger Traffic Rebounding at LAX
Domestic passenger traffic is rebounding at LAX, but international travel is still suffering, according to new figures.
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