Top toymaker expects modest gains
Mattel Inc. managed to maintain revenue at $4.5 billion last year, and its guidance for 2020 calls for a modest full-year revenue growth of 1% to 2.5%, but Wall Street appears skeptical.
Company will provide flights and scheduling
Santa Monica general aviation airline Surf Air Inc. announced it has acquired San Francisco-based online aviation marketplace BlackBird Air Inc.
Bavarian-themed property will lay off 35 employees
An upcoming landmark designation will ensure the walls at Alpine Village remain intact, but there’s no guarantee the lights will stay on.
Landlord group rescues company from bankruptcy
Forever 21 Inc. is emerging from bankruptcy with new owners who have a stake in keeping the company going.
Footwear manufacturer passes $5 billion in revenue during ‘milestone year’
For Skechers USA Inc., 2019 was a “milestone year,” according to Chief Operating Officer David Weinberg.
Pizza industry veteran will be chain’s third chief executive since 2016
Fresh Brothers, the Inglewood-based pizza chain, has appointed Geoffrey Goodman as its third chief executive since the company was acquired by Nolan Capital Inc. in 2016.
Bankrupt fashion chain in line for new ownership
The fate of beleaguered fast-fashion retailer Forever 21 Inc. could be decided as early as Feb. 10.
Investment fund acquires pioneering ice cream maker
Mochi Ice Cream Co., credited with inventing and popularizing the frozen spin on the Japanese treat, has been sold by El Segundo-based Century Park Capital Partners.
City is considering plans to redevelop iconic area
The Santa Monica City Council will vote in March on Promenade 3.0, a master plan and financing strategy for the redevelopment of the area it had its staff develop last November.
LAX slipped, Ontario surged in ’19
The passenger traffic picture was mixed for 2019 at three of the Los Angeles region’s airports.
After turning down sale, chain will open in Newhall, Azusa
Despite reports of a possible sale last year, Laemmle Theatres now says it has turned down recent buyout offers and is opening a new multiplex this summer.
Company also shuffles management
Venice-based Hightimes Holding Corp., owner of High Times magazine, is venturing into retail.
Cuts are latest by the carrier at the airport
JetBlue Airways Corp. is eliminating flights from Long Beach Airport to Oakland and reducing flights out of Long Beach to other hubs.
Candy-maker partners with GINgroup
Sugarfina USA is venturing into the Latin American market with a confections boutique in Mexico City, one month after it emerged from bankruptcy.
L.A.’s investment in its cultural capital has increased markedly over the past few years with the announcement of a number of splashy new or expanded museums or arts institutions fueled by mega-donations.