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Wednesday, Feb 28, 2024

Anastasia to Sell Beauty Products on Instagram

Cosmetics line Anastasia Beverly Hills Inc. is one of a handful of major beauty and fashion players that Instagram Inc. has selected for its in-app payment-processing feature.

Instagram rolled out its in-app checkout function last week, working with Anastasia and other brands, including heavyweights like Burberry, Dior, MAC Cosmetics and Adidas. More brands are expected to join in the coming weeks.  

Instagram’s photo-sharing platform has emerged as a major player in retail as companies shift their marketing efforts online and rely on celebrities’ social media posts to promote their brands.

Anastasia Beverly Hills has been ahead of the pack, with the company’s growth fueled by its 19.1 million Instagram followers, how-to videos and a rabid fan base.

According to San Francisco-based Tribe Dynamics, which measures social media interactions, Anastasia Beverly Hills has the largest share of online engagement with social media users among cosmetic brands. The company gets a boost from celebrity users like Kylie Jenner and Kim Kardashian, who have millions of followers and have been photographed at the brand’s events.

Company founder Anastasia Soare built her eponymous brand starting in 1992, catering to celebrities at a Beverly Hills salon where she promoted an eyebrow shaping method called the “golden ratio.”

Last year, Fort Worth, Texas-based TPG Capital took a minority stake in the brand in a deal that valued the company at some

$2.5 billion.

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Iconic L.A. Doughnut Shops to Franchise

The biggest doughnut in L.A. is getting bigger.

Randy’s Donuts is offering franchise opportunities to a handful of lucky applicants. President Mark Kelegian opened up applications last week, and he said that within a day, he’d heard from dozens of operator hopefuls.

The company is also expanding its own store presence. In the last two years, Randy’s had added three new stores, and Kelegian plans to add at least six more in the coming year.

But don’t expect to see more 32-foot-high doughnuts hovering over new stores, like the one towering over the Inglewood store and popularized by Randy Newman’s “I Love L.A.” video and a litany of pop-culture references and appearances.

“It’s going to depend on the location,” Kelegian said. City restrictions have kept plans for another giant rooftop doughnut at 28 feet in Downey where the company is constructing a 24-hour drive-thru and walk-up store.

Kelegian purchased Randy’s in 2015 for $2 million with plans to expand. The company’s three newest stores all feature smaller doughnut statues.

Kelegian has also added doughnut flavors such as Fruit Loops, Oreo, M&Ms, s’mores, red velvet and even his version of the cronut called the “crondy.”

The most popular store remains the original Inglewood location, which last year brought in $3.5 million in revenue and produced about 10,000 doughnuts daily. Next year, Kelegian is projecting $6 million in revenue across all the company’s stores.

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Vote Delayed on Port Automation

Efforts to introduce automation at the Port of Los Angeles’ largest terminal have stalled again as Mayor Eric Garcetti stepped into the fray last week.

The Los Angeles Board of Harbor Commissioners delayed a vote, which was planned for March 21, to grant a permit that would allow more automated equipment at Pier 400. The four-hour commission meeting drew 2,000 people — mostly unionized dockworkers calling for the board to reject the request from terminal operator APM Terminals. The company has argued the move was necessary to comply with strict air pollution standards and to remain competitive.

Garcetti offered to mediate discussions between the International Longshore and Warehouse Union and APM Terminals. Federal and local politicians have called for a deeper examination of automation’s potential local economic impacts.

An estimated 1 in 20 Southern California jobs are connected to the port, according to Long Beach Harbor Commission President Tracy Egoscue.

The issue is expected to come back before the board at its April 16 meeting.

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Perennial Serves beverages to the over-50 set

Brent Taylor, the co-founder of El Segundo-based Beyond Meat Inc., thinks baby boomers want health drink options beyond Ensure.

Taylor, who left Beyond Meat in 2016, partnered with San Francisco accelerator IndieBio alum Sara Bonham to raise $2.5 million to fund the health-drink venture, dubbed Perennial. New York-based Collaborative Fund led the funding round. This spring, Taylor and Boham will introduce Perennial, a plant-based nutritional beverage — the first in a planned line of vegan drinks for the over-50 set.

Staff reporter Rachel Uranga can be reached at ruranga@labusinessjournal.com or (323) 556-8351.

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