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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
