Property company’s group makes $191 million offer
Just four months after picking up Lincoln Heights-based Forever 21 Inc., Simon Property Group Inc., is about to acquire another locally based retailer.
JetBlue said it will end service at Long Beach Airport in October and transfer flights and crews to LAX.
Lipstick sales fall as use of masks surges
It doesn’t take a cosmetics expert to guess that wearing face masks to fend off the coronavirus might be the kiss of death for the lipstick business.
Deal values KKW Beauty at $1 Billion
New York-based Coty Inc. paid $200 million for a 20% stake in KKW Beauty, bringing the company's valuation to $1 billion.
American Airlines is shifting its trans-Pacific flight hub from LAX to Dallas-Fort Worth International.
Nearly one-quarter of shops have yet to reopen
Almost a month after local shopping centers got a green light to reopen, about a quarter of their storefronts remain dark.
Fast-casual chain upgrades app's ordering capabilities
With the Covid-19 pandemic settling in for an extended run in much of the country, the phrase “adapt or perish” seems to be the mantra for many retailers and restauranteurs.
Mambetov aims for ‘modest, not Muslim’
For L.A. fashion designer Elle Mambetov, the Covid-19 outbreak has meant figuring out how to introduce a new fashion line without the benefit of a traditional live runway show.
Los Angeles World Airports interim Chief Executive Justin Erbacci moved one step closer to the permanent job.
More companies are filing Chapter 11, but the CARES Act helps others
True Religion Apparel Inc., the Manhattan Beach-based retailer that’s expected to reemerge from bankruptcy in August, is part of a growing wave of Chapter 11 filings hitting U.S. courtrooms.
Retailer says difficulties will continue in second quarter
Shares of Guess Inc. dropped 30% to a market value of $584.4 million last week after the downtown-based retailer reported a decline of more than 50% in sales revenue for the first three months of the year.
Pandemic, unrest tests their optimistic outlook
Marred by tepid consumer interest, countywide protests, curfews and looting, the retail reopening after the Covid-19 shutdown had a rough start to say the least.
Amgen, Mattel, Anastasia among companies embracing social justice
As protesters took to the streets across the U.S. recently to express their anger over the death of George Floyd at the hands of Minneapolis police officers, a growing number of local brands chose to take part in the social justice conversation.
But unsecured creditors object to plan
True Religion Apparel Inc. estimates it will emerge from bankruptcy by mid-August, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware.
In a sign that LAX is starting to rebound from the air travel slump caused by the Covid-19 pandemic, Lufthansa resumed service between LAX and Munich.