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Mediha DiMartino

Stories by Mediha

Jacmar Bulks Up for Retail

Restaurant supplier reaches out to consumers

Opening Jacmar’s warehouse to the public for curbside pickup is one of the ways President and CFO Jim Hliboki is trying to keep his company afloat during the pandemic.

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Lakin Tire Is Acquired

Pittsburgh-based company buys rubber recycling firm

Pittsburgh-based Liberty Tire Recycling has acquired Lakin Tire, based in Santa Fe Springs.

American Honda Posts Sales Gains

But February increase still lags competitors

New-vehicle sales at American Honda Motor Co. Inc. totaled 120,006 cars and light trucks in February, a 4.2% increase compared to the same period last year.

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Guess Among Brands Hurt by Virus

Denim-maker’s market cap has plunged 50% since start of pandemic

Guess and other Los Angeles-area retailers are absorbing heavy blows and scrambling to adjust as a result of the pandemic.

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Workers Keep Ports Active

Cargo flow continues amid precautions at LA, LB

While most businesses nationwide are temporarily closing or asking employees to work from home, thousands of workers in San Pedro Bay continue transferring containers off and on cargo ships.

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Defense Firm Is Acquired

Kellstrom joins Aero Precision

El Segundo-based Kellstrom Defense Aerospace Inc. has been sold to a Northern California-based competitor but will keep its ties to Los Angeles County.

Ports Agree to Cooperate

LA, Long Beach seek efficiency and security

Threatened by a common adversary, the ports of L.A. and Long Beach have vowed to collaborate on several operational initiatives to preserve San Pedro Bay’s competitive edge.

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A Promising Launch for Bra Startup Mindd

Longtime apparel exec aims for women with larger sizes

Helena Kaylin’s proof of concept appears to be working ― less than a month after she launched Mindd Bra Co., six of the 12 bra styles on her website have sold out.

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Beyond Meat Sets Sights on $500 Million

Company targets ambitious revenue goal for 2020

Beyond Meat Inc., the maker of plant-sourced protein substitutes, is aiming for the $500 million revenue milestone in 2020.

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Joe Coulombe Leaves Grocery Legacy

Trader Joe’s founder made his mark on the industry, shoppers

Trader Joe’s Co. founder Joe Coulombe, who died Feb. 28 at age 89, had eye for winning products and a passion for customer service that set the company he founded apart from other grocery chains.

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Dray Alliance Secures $10 Million in Funding

Company brings a digital focus to last-mile category

Dray Alliance Inc., a digital marketplace for last-mile cargo transportation, raised $10.2 million in a Series A funding round led by Matrix Partners in San Francisco.

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Guess Backs Green Jeans

Retailer joins global denim initiative

Guess Inc. has joined a consortium of brands putting a priority on denim’s ecological footprint.

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Revolve Reeling After Mixed Results

Ecommerce fashion company anticipates modest revenue for 2020

Revolve Group Inc. delivered a 21% increase in annual revenue and a 16% jump in net income for 2019, but its stock took a 23% dive the day after reporting year-end and quarterly results.

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Logistics Firm Snapped Up

Maersk pays $545 Million for Performance Team

Performance Team of El Segundo has been acquired for $545 million by Danish shipping giant A.P. Møller – Maersk.

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Trade War Reshapes CIE

Truck parts maker staffs up in US

Frank Sonzala, chief executive of a South Gate-based truck chassis manufacturer, is transferring about a third of his company’s production from China to the United States, a move he says will create about 275 local jobs.

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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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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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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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Ports Report January Declines

Cargo volume slips again at LA and Long Beach

The local ports reported single-digit dips in cargo volumes for January with one notable exception: Port of Los Angeles exports saw a modest upswing.

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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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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.

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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Growth Spurt at OSI Systems

Security, optoelectronic units drive gains

OSI Systems Inc., a manufacturer of security scanning equipment, medical monitoring devices and optoelectronic components, posted $64.8 million in net income on $1.18 billion revenue during its 2019 fiscal year.

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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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Waterfront Project Gets Underway

Port of Los Angeles initiative launches after years of delays

After years of delays, officials for the Port of Los Angeles last week kicked off a $33 million project that aims to connect San Pedro’s Downtown Harbor to the future San Pedro Public Market development.

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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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Skechers Looks Abroad After Loan

$500 million will go toward international distribution centers

Skechers USA Inc. recently upped its short-term borrowing capabilities with a $500 million unsecured loan.

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Aerospace Takes Off

Manufacturing: Mergers are changing the landscape for local businesses

The manufacturing sector kicked off 2020 with several aerospace mergers that are poised to roll up local operations into much larger entities.

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Ports Finished 2019 on Down Note

Tariffs take a toll as traffic falls from 2018 level

The trade war took a toll last year on the ports of Los Angeles and Long Beach, which saw cargo volume dip below the record levels reached in 2018.

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FabFitFun Hires CMO

Former Netflix exec will be first marketing head

FabFitFun Inc. has hired its first chief marketing officer, former Netflix Inc. executive Louisa Wee.

Shabby Chic Tries Clothing

Design line launches fashion collection

Liliput & Co., which does business as Shabby Chic, the home goods brand, is aiming for another area of the house — the closet.

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Glasswerks Buys NWI

Deal for Seattle company expected to boost capacity

Glasswerks, a Southgate-based glass fabricator, acquired Seattle-based Northwestern Industries Inc.

A Giving Mood

Innovative local companies embrace volunteerism to connect with workers and their communities

Businesses taking note of employees' benefits preferences are embracing social responsibility programs to boost recruitment, retention and productivity.

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Trader Joe’s Cuts ‘Two Buck’ Price

Grocer reduces costs, passes along savings

Trader Joe’s Co.’s Charles Shaw wine is living up to its Two Buck Chuck nickname again, at least in California.

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Molson Coors to Quit Irwindale Brewery

Molson Coors Beverage Co. said it will cease operations at its Irwindale brewery by September and has offered the facility to Pabst Brewing Co. for $150 million.

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Trade & Retail: Ports grapple with changes from trade war and AB5

For the roughly 17,000 truckers who transport goods in and out of the Los Angeles and Long Beach ports, 2020 brings much uncertainty.

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Entertainment: Streaming is set to draw an even bigger crowd

The streaming universe, which saw the arrival of two major players in 2019, will become even more crowded in the year ahead.

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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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Wheel House

Doug Eroh and Brendan Harrington keep Longo Toyota in the driver’s seat

When Douglas Eroh took the reins as president and general manager at Longo Toyota in November 2018, he had a legacy to uphold — the dealership has been Toyota Motor North America Inc.’s top performer for more than half a century.

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Big 5 Looks to Maintain Momentum

Sporting goods retailer upbeat despite stock slump

The Big 5 Sporting Goods Corp.’s holiday sales period is off to a solid start, picking up on the momentum from merchandise margin gains achieved in the prior quarter.

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Port of LA Sets Partnerships

Signs deals with Indonesian, Danish port operators

The Port of Los Angeles has pledged to collaborate with entities from Northern Europe and Indonesia on port operations, technology and more.

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Pop Culture

Pop-up shops give a boost to area malls, especially during the holidays

Pop-up shops, once a novelty retail concept, are becoming part of the permanent landscape at local shopping centers.

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Guess Charts Ambitious Path

Fashion: Retailer targets $3B in revenue by 2025

Guess Inc. Chief Executive Carlos Alberini returned to the company in February after a nine-year absence with big ideas and bigger goals.

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Traffic Drops Again at LA, LB Ports

Trade: Tariffs continue to take toll on imports

The ports of Long Beach and Los Angeles saw cargo traffic dip again in November.

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Write It Off

Entertainment: After battling in 2019, showdown looms for Writers Guild, agencies

Behind the scenes in Hollywood, 2019 was an even more contentious — and litigious — year than usual, especially for the Writers Guild of America.

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Driving Force

Integrity Cargo Solutions connects the dots for shippers, truckers

Integrity Cargo Solutions connects truckers and the loads they’ll haul.

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Healthy pet snack-maker Pawstruck is barking up the right tree

It’s hardly a ruff life for Pawstruck, a healthy pet snacks venture.

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Squar Milner Announces Acquisitions

ACCOUNTING: Deals for SRG and BPE&H team expands presence in LA market

Accounting firm Squar Milner continues to expand its L.A. footprint with two new deals.

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A sprawling presence, from media to devices

Amazon is giving traditional Hollywood studios a run for their money.

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