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

LAX Passenger Traffic Eked Out 0.4% Gain in July, but International Traffic Dipped

July passenger traffic at LAX edged up by 40,000 compared to July 2018 to reach nearly 8.5 million, but international passenger traffic was down, and air cargo tonnage fell as trade tariffs begun to cut into trade flows.

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Kim Kardashian to Launch Undergarment Line Skims Next Month

Reality TV megastar Kim Kardashian West is slated to launch a new line of shapewear undergarments, dubbed Skims, on Sept. 10.

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XFL Names L.A. Team the Wildcats

The XFL, a professional football league that will start in February, unveiled its team names and logos Aug. 21, with Los Angeles getting the moniker of Wildcats.

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Southwest Airlines Cuts LAX Flights to Mexico, Omaha, Pittsburgh

Southwest Airlines has announced that it's cutting four flights at LAX starting in January. The nonstop flights serve Cancun and Puerto Vallarta in Mexico, as well as Omaha, Neb., and Pittsburgh.

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Romance Movie Streamer Stirs Investors’ Passion

Elon Musk's sister founded PassionFlix, a streaming service that turns steamy romance novels into amorous movies. According to an Aug. 13 SEC filing, PassionFlix has raised $6.8 million in new funding.

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Long Beach Airport Passenger Traffic Slides After JetBlue Pullback

Long Beach Airport passenger traffic fell 15.5% for the first half of 2019 compared to the same period last year amid fallout from JetBlue Airways’ pullback in flights in September.

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AECOM Tapped to Design Clippers Arena Complex in Inglewood

Century City infrastructure giant Aecom is taking another step to transform the Inglewood skyline with the recent award of a contract to design a new arena and adjacent entertainment complex for the Los Angeles Clippers basketball team.

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B. Riley, Brigade Capital Infuse $218 Million into Bankrupt Barneys

New York-based luxury retail chain Barneys New York Inc., which filed for Chapter 11 bankruptcy protection on Tuesday, has received $218 million in new financing from lending arms of Woodland Hills-based B. Riley Financial and Brigade Capital Management.

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American Airlines Expands LA Footprint with Rams, Chargers Stadium Deal

The developers behind the forthcoming National Football League field in Inglewood have pegged American Airlines Inc. as the stadium's first corporate partner as the Texas airline doubles down on investment in Southern California.

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Director of Academy Museum Steps Down

After five years, Kerry Brougher is leaving the director position to "return to his roots in the art world."

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Gallant Pet Raises $7 Million to Store Canine Stem Cells

A Playa Vista-based company offering stem cell storage banks for canines raised nearly $7 million, according to SEC filings.

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Cheesecake to Acquire Phoenix Restaurant Chain for $353 Million

Cheesecake Factory Inc. announced it will acquire Phoenix-based Fox Restaurant Concepts.

LAX Passenger Traffic Up 1% in First Half of 2019, Ontario Up 6.5%

Passenger growth at Los Angeles International Airport slowed during the first half of the year to a meager 0.9%, and lucrative international passenger traffic declined 1%. Ontario International Airport bucked the trend.

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Coffee Bean & Tea Leaf Acquired by Philippine Restaurant Group Jollibee

The struggling Los Angeles-based chain Coffee Bean & Tea Leaf is being purchased in a $350 million deal by the Philippine food giant Jollibee, best known locally for their drive-thru restaurants and bee mascot.

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Startup FanDragon Designs Tech to Tackle Ticketing Fraud, Raises $12 Million

West Hollywood-based FanDragon Technologies Inc. has developed ticketing software that aims to combat fraud among ticketing service providers.

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