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

Are Mattel’s Cuts Working?

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.

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Surf Air Acquires BlackBird Air

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.

Alpine Village Restaurant to Close

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.

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Forever 21 Deal OK’d

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.

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Skechers Tops Expectations for 2019

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.

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Fresh Brothers Names Goodman CEO

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.

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Auction Is Scheduled for Forever 21

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.

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Century Park Sells Mochi Ice Cream Co.

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.

Santa Monica Rethinks the Promenade

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.

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Airports Post Mixed Results

LAX slipped, Ontario surged in ’19

The passenger traffic picture was mixed for 2019 at three of the Los Angeles region’s airports.

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Laemmle Theatres Plans Expansion

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.

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Hightimes Reveals Retail Plans

Company also shuffles management

Venice-based Hightimes Holding Corp., owner of High Times magazine, is venturing into retail.

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JetBlue Slashes LB Flights

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.

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Sugarfina Sets Mexico Store

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.

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Arts & Institutions: The Academy Museum is almost ready for its closeup

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.

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