LABJ WEEKLY EDITION

In a Mask Moment, Makeup Companies Look to the Eyes

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.

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How Mediation Firm JAMS Became the Dominant Player in the LA Market

An international business, JAMS is considered the dominant company in Los Angeles and the nation when it comes to private mediation and arbitration services.

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LA's Bioscience Sector Sees Continued Gains

L.A.’s bioscience sector generated $44 billion in economic activity and nearly 196,000 jobs last year.

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Airports Post Sharp Traffic Declines Again for May

May passenger counts slide, but cargo tonnage increases

The devastation to the travel industry wrought by the Covid-19 pandemic continued to hold Los Angeles International and other local airports in its grip in May.

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Executive Insights

In the midst of headlines about layoffs and shutdowns, L.A. business leaders seem to be ramping up in new ways.

Poirier Brings a Fresh Approach for Colliers

New local executive will put an emphasis on diversity

Jodie Poirier has been named executive managing director overseeing the greater Los Angeles area for Colliers International Group Inc.

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LABJ Insider

Fizzle, Not Sizzle

Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.

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LVMH Acquires Another Beverly Hills Property

Company pays $30 million for its latest site in the city

LVMH Moet Hennessy Louis Vuitton Inc. has added to its growing roster of storefronts in Beverly Hills.

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AEG Plans 5G for Staples Center, LA Live by 2021

AEG planning high-speed service for venues in 2021

Instantaneous livestreaming and multi-angle replay might become a reality next year for music and sports fans at Staples Center and L.A. Live.

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Kardashian Lands $200 Million Investment From Coty

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.

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eTailPet Helps Small Stores Boost Their Online Presence

Platform supports sales, inventory management

Santa Monica-based eTail Pet Inc. is giving small pet stores a longer leash in the digital space.

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LAEDC Fills Key Leadership Roles

Nissen, Medina, Cheung are elevated

The Los Angeles County Economic Development Corp. announced last week that recently retired NBCUniversal exec Steve Nissen has been elected as the organization’s new board chairman.

Snap Rolls Out Shows, New Lenses

Social media giant launches offerings to counter TikTok

In a series of moves seemingly made with one eye on advertisers and the other on rapidly growing competitor TikTok, Snap Inc. recently announced shoppable shows, rolled out music lenses and signed partnerships with third-party developers.

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Elementary Robotics Raises $13 Million

Startup also rolls out device for inspection, traceability

Elementary Robotics Inc., a downtown-based robotics startup, has raised $12.7 million in Series A funding.

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LA Hits Reset on Cannabis Licensing Program

City Council prioritizes social equity, launches lottery

The city of Los Angeles has passed sweeping changes to its cannabis regulatory regime, with big implications for the industry in the one of the world’s largest legal markets.

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Tech Tools Boost Efficiency for Financial Advisors

Tools like Zoom break down barriers

Jason Blumberg relied on face-to-face meetings — the firmness of the handshake, maintaining eye contact, a confident voice — to build trust with clients.

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WGA, Producers Reach Agreement

Deal is valued at $200 million

The Writers Guild of America has reached a tentative deal with the Alliance of Motion Picture and Television Producers, eliminating fears of a possible WGA strike.

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LeBron’s SpringHill Scores Funding, Content Deals

Firm strikes deals with ABC, Sister

Los Angeles Lakers superstar LeBron James and longtime business partner Maverick Carter are riding high with recently announced funding and a new content deal for their entertainment and consumer products company.

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City Approves $450 Million Project Near USC

Exposition Point, a long-planned addition to Exposition Park adjacent to the school, is moving forward after clearing the city of Los Angeles’ approval process last month.

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Nadel Architecture Sets New Ownership

Lyon, Winters take reins at firm

Sawtelle-based architecture firm Nadel Inc. has completed its transition to new ownership with principals Greg Lyon and Patrick Winters taking the helm at the firm.

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Real Estate Investors Favor Senior Housing

The silver tsunami triggered by the aging of America is driving increased demand for senior housing, even in the face of a pandemic.

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Podcast Biz Is Heating Up

LA companies lead the way in a growing industry

An influx of investment is bringing new momentum to the podcast industry in Los Angeles, which has developed into a hub for the burgeoning medium.

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County’s Jobless Picture Gets Darker

Experts divided after May rate reaches 20.9%

While the nation’s jobless picture showed signs of improvement in May, Los Angeles County’s unemployment rate continued to surge last month, sparking debate among economists about the local outlook.

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Law Firms Embrace Remote Work

Quarantine prompts a ‘sea change’ for operations

Los Angeles law firms have undergone dramatic changes in less than three months — a response to the Covid-19 quarantine and emerging technology.

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LABJ Insider

Event Planning

Read this week's column from Los Angeles Business Journal Editor Scott Robson for goings-on in L.A.'s business community.

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Ares Raises $3.5 Billion for Distressed Investing

Private equity fund will pursue opportunities during Covid-19 downturn

Century City-based asset manager Ares Management Corp. has closed a $3.5 billion private equity fund.

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