TOURISM & LEISURE

Recent and archived news stories on: hospitality, retail, restaurants, style, travel, sports

Virtual Brand Group Demystifies Metaverse

Virtual Brand Group acquires the rights to represent brands in the metaverse and creates for them ongoing opportunities to engage with consumers.

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Forever 21 Names Winnie Park Chief Executive

F21 OpCo., which does business as Forever 21, replaced Daniel Kulle with Winnie Park as retailer’s chief executive.

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LA Airports Report Only 1.7% Passenger Traffic Gain From October to November

Air travel at local airports inched up 1.7% in November from October as the normally busy Thanksgiving travel season was hampered somewhat by the start of another Covid-19 surge and flight cancellations.

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Beyond Meat Plans R&D Center in Shanghai

El Segundo-based Beyond Meat Inc.’s version of plant-based fried chicken will be available this week at more than 4,000 KFC restaurants nationwide.

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Honda Sales Steady Despite Supply Chain Challenges

Torrance-based American Honda Motor Co. Inc. sold nearly 1.5 million vehicles last year despite a global semiconductor chip shortage and other supply chain issues.

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Flavor-Maker T. Hasegawa Moves Manufacturing to Rancho Cucamonga

T. Hasegawa USA Inc., the maker of sweet and savory flavors for food and drinks, has outgrown its manufacturing facility in Corona and is moving operations some 20 miles north.

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October Passenger Traffic at LA-Area Airports Rises 11%

Air travel at local airports rebounded in October with passenger counts up 11% from September as the slowing of the spread of the delta Covid variant prompted people to take to the skies.

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Santa Monica-based NextCar Plans to Rebrand as Autonomy

NextCar Holding Co. Inc. is going to market as Autonomy.

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CMA CGM Group Makes Moves to Reduce Shipping Container Buildup in LA and Long Beach

CMA CGM Group, in a bid to help ease congestion at the local ports, is giving out monetary rewards to importers that pick up their containers within eight days of unloading.

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FDH Aero Acquires Unical Defense to Expand Supplier Partnership Strategy

El Segundo-based Fastener Distribution Holdings, doing business as FDH Aero, acquired Unical Defense Inc. in the City of Industry on undisclosed terms.

Kellogg Garden Products Focuses Growth Plan on Organic Soil

Kathy Kellogg Johnson has put aside most of her Fridays to write a book about Kellogg’s Supply Inc., doing business as Kellogg Garden Products, a Carson-based garden soil company her grandfather started nearly 100 years ago.

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Sweetgreen IPO Shows Company on Track to Double in Size Within 5 Years

Sweetgreen Inc.’s initial public offering may value the company at about $2.7 billion should the price per share target of $23 to $25 hold.

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Public Storage Acquires All Storage Portfolio for $1.5 Billion

Glendale-based Public Storage has acquired All Storage’s portfolio for $1.5 billion. Public Storage announced the acquisition Nov. 1.

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FAT Brands Acquires Fazoli’s System Management in $130M Deal

FAT Brands Inc.’s got another one — the Beverly Hills-based company picked up Fazoli’s System Management in Kentucky for $130 million from Sentinel Capital Partners, FAT Brands’ fourth acquisition in the past 12 months.

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Ikea to Open Two LA-Area Retail Planning Studios for Home, Office Furniture

Ikea has plans to open two new planning studios in the spring, one in Long Beach and one in a central location that is being finalized.

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