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Mediha DiMartino

Stories by Mediha

Sugarfina Looks to Crowdfunding for Expansion

El Segundo-based Sugarfina Corp. is turning to its fans to fund its next chapter of growth.

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Beyond Meat Misses on Earnings, Hits on Partnerships

Shares of Beyond Meat Inc. should have taken a dive in after-hours trading as the company missed full-year and fourth-quarter estimates from Wall Street analysts.

My/Mochi Listens to Consumers for Name Change

For a company that sells bite-sized desserts, Mochi Ice Cream Co.’s main product name was a mouthful.

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Avery Dennison Buys JDC Solutions for $24 Million

Avery Dennison Corp., a Glendale-based manufacturer of labeling products, said it will acquire JDC Solutions Inc. for $24 million.

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Ports See Cargo Surge to Start the Year

The first month of the year brought more of the same to the San Pedro Bay port complex.

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Open Sesame Restaurants Succeed With High Quality, Low Costs

2021 Minority-Owned Businesses Special Report

After escaping warn-torn Beirut in 1988, Ali Kobeissi yearned to conjure the aroma and the flavors of Lebanese cuisine at his new home in Long Beach.

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2021 Ports Special Report

The Business Journal looks at key aspects of Los Angeles and Long Beach ports, which play significant roles in the local and national economies.

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How Marine Exchange Helps Traffic Flow at LA’s Ports

With dozens of extra ships at anchor in the San Pedro Bay Port complex, the staff at Marine Exchange of Southern California has their hands full.

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Ports of LA, Long Beach in Line for Increased Federal Funds

Come 2023, the San Pedro Bay Port Complex will start collecting about $75 million from the Harbor Maintenance Trust Fund to finance infrastructure repair and maintenance.

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Skechers Takes a Revenue Hit in 2020

Revenue for Skechers USA Inc. came in well below $5 billion in 2020,

Thirteen Lune Offers Minority-Owned Beauty Brands a Digital Marketplace

Thirteen Lune is a new kid on the retail block, but its arrival is long overdue, according to Nyakio Grieco, who co-founded the West Hollywood-based ecommerce company in December.

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Mattel Beats 2020 Earnings Expectations

Mattel Inc. surpassed Wall Street revenue and earnings estimates for the fourth quarter and the full year.

Port of Long Beach Wraps 2020 With Cargo Surge

At the Port of Long Beach, 2020 was a year for the record books.

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Comfort Food Keeps Customers Coming to Dulan’s

Black Entrepreneurs Month Special Report

Terry Dulan went off to college to study computer systems.

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Pelican Products Answers Call for Cold-Storage Vaccine Cases

Pelican Products Inc. has been tasked with safeguarding another type of fragile cargo — vaccines and ventilators.

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Beyond Meat Partners With PepsiCo

Shares of Beyond Meat Inc. rallied 20%, boosting the company’s market value to about $11 billion on Jan. 26.

Facing Glut of Supplies, PPE Makers Pivot Again

Kid’s Dream was among the first apparel manufacturers in Los Angeles’ Garment District.

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WaBa Grill Posts Solid 2020 Sales

Looks like WaBa Grill Franchise Corp.’s rice bowls are pandemic-proof.

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Veggie Grill Rolls Out Delivery-Only Mexican Venture

Veggie Grill Inc.’s latest venture is focused on delivering plant-based Mexican cuisine.

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CPK Names New Board Members

Fresh out of bankruptcy, California Pizza Kitchen Inc. appointed four board members to lead the fast-casual restaurant chain along with Chief Executive Jim Hyatt.

IFS Wraps 2020 With Three Acquisitions

Individual FoodService in Bell wrapped up 2020 with three acquisitions, including a December deal for Brady Industries, a Las Vegas-based competitor.

American Honda Sales Slump for 2020

After contending with pandemic-related shutdowns at its U.S.-based factories, American Honda Motor Co. Inc. sales slumped 16.3% in 2020 compared to 2019.

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Port of LA Rebounds in 2020 After Difficult Stretch

After numerous missed sailings back in March, Gene Seroka said he “never would have imagined” that the Port of L.A. would move 9.2 million TEUs of cargo in 2020.

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From A/C Units to Dog-Walkers, Companies Offer More Perks During Pandemic

Some of the strategies local companies implemented last year to ease the burden of the pandemic on their workforce will likely evolve into permanent job perks once things return to normal.

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California Pizza Kitchen Acts Quickly After Bankruptcy Exit

After a relatively short stint in bankruptcy court, things are looking up for California Pizza Kitchen Inc., according to Judd Tirnauer, the company’s new chief financial officer.

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Manhattan Village Renovations Due for Completion in 2021

The much-awaited completion of major renovations at the Manhattan Village shopping center is now slated for this spring.

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Covid-Related Loan Programs Have Given Businesses a Much-Needed Lifeline

More than 225,000 business owners and nonprofits in Los Angeles County have collectively received about $14 billion in EIDL funding.

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Congress Approves $1.5 Billion in Annual Funds for Ports

A bill that will provide increased funding for maintenance of local ports passed the final hurdle in the last week of 2020 when the U.S. Senate gave a green light to the Water Resources Development Act of 2020, HR 7575.

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Book of Lists Profile: Shipping Companies CMA CGM, American President Lines Make Quite a Team

CMA CGM Group and American President Lines occupy adjacent spots on the Business Journal’s list of shipping companies that serve the San Pedro Bay port complex.

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Ports See ‘Unprecedented Amount of Cargo Volume’

While local freeways remain relatively open thanks to the Regional Stay at Home Order, traffic congestion at the San Pedro Bay complex shows no signs of letting up.

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This Season, Office Holiday Parties Are Remote Affairs

Instead of suits and dresses, an ugly Christmas sweater paired with Zoom-friendly sweatpants appears to be the outfit du jour for this year’s corporate holiday parties.

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Beautycounter Blends Store, Livestream Studio at New Location

Santa Monica skin care and cosmetics company Counter Brands — doing business as Beautycounter — has a new hybrid store on Abbot Kinney Boulevard in Venice.

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Mattel to Create Toys Based on ‘Gus’ Animated Series

Mattel Inc. is adding to its roster of preschool brands, signing a multiyear global licensing agreement to create a full line of Fisher-Price toys based on “Gus — The Itsy Bitsy Knight.”

Rehrig Pacific Sells Product Line to Arkansas Container Company

Rehrig Pacific Co. said it will sell a line of products, including plastic pails, to Polyethylene Containers Inc. in Arkansas.

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Restaurants Say New Restrictions Create ‘Dire’ Situation

Local restaurant owners are struggling to say open and questioned the county’s recent decision to ban outdoor dining; that ban has since been put on hold by the courts.

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Guess Bests Revenue Projections, Shares Spike 10%

Shares of Guess Inc. rose about 10% to a market value of $1.19 billion last week after the downtown-based retailer beat Wall Street expectations on revenue and earnings for the third quarter of its 2021 fiscal year.

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LA Malls Brace for the Grinch

Some 30,000 children stopped by Santa’s house last year at the Americana at Brand in Glendale. This year is dramatically different for L.A. County malls and their Santas.

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Rancho Dominguez Caster Maker Is Aquired

Aerol Co. Inc. is packing its bags for the Midwest.

How EV Maker Fisker Scored With Wall Street

Shortly after its Oct. 30 debut on the New York Stock Exchange, electric vehicle startup Fisker Inc. was valued at about $2.9 billion.

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Freight Company DHX Finally Wraps Deal for Hawaiian Express

A Rancho Dominguez-based freight forwarding company’s latest deal was decades in the making.

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Anastasia Reaps Benefits From Global Digital Push

Anastasia Beverly Hills Inc. has figured out a way to increase international sales.

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American Honda Plans to Unify Multiple US Operations

Come April, Honda’s operations in North America will be more unified.

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FAT Brands Posts Quarterly Gain

Even with 25% of its restaurants closed, FAT Brands Inc. reported a jump in quarter-over-quarter revenue during the third quarter, but the results still trailed 2019’s third quarter.

LA, Long Beach Ports Set Cargo Records in October

Local ports reported record cargo volumes last month, but year-to-date results for the San Pedro Bay complex are still 2% below the first 10 months of 2019.

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Pivot to PPE Products Pays Off for Liberty Paper

The pandemic could have easily tanked Alex Ismail’s business.

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Beyond Meat Third-Quarter Earnings Disappoint

Beyond Meat Inc.’s stock took a hit last week after lower-than-expected third-quarter revenue and confusion around its collaboration with McDonald’s Corp.

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Video Platform CourtCall Hits New Highs During the Pandemic

Like many good business ideas, the concept for CourtCall materialized while one of the company’s future founders, Mark Wapnick, was grappling with a problem — in this case, L.A.’s infamous traffic.

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Revolve Group Posts Mixed Results for Third Quarter

Revolve Group Inc. surpassed Wall Street expectations and delivered its most profitable quarter, but the company’s stock dipped more than 10% on reports of a revenue decline.

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ROKiT Group Adds Ebikes to Growing Portfolio of Consumer Products

Rokit Group of Cos.’ latest venture, Rokit Made, is poised to take advantage of a growing consumer trend — electric bikes.

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LA and Other Cities Are Embracing the Fair Trade Movement

Amid the furor created by pandemic-related shutdowns, double-digit unemployment rates and civil justice protests, Los Angeles’ recent designation as a fair trade city went somewhat unnoticed.

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