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Mediha DiMartino

Stories by Mediha

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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American Honda Plans to Unify Multiple US Operations

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

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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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Anastasia Reaps Benefits From Global Digital Push

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

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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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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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Pivot to PPE Products Pays Off for Liberty Paper

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

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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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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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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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LA Holiday Shoppers Likely to Spend Far Less This Year

It’s looking like Angelenos may channel their inner Ebenezer Scrooge this holiday season.

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Adtech Company AudienceX Leans Into Diverse Clients, Proprietary Software

AudienceX is back on the growth trajectory.

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Halloween Businesses See Few Treats, Lower Revenues

This year’s Halloween celebration at the Shops at Montebello was different.

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Jakks Pacific Tops Third-Quarter Earnings Expectations

Jakks Pacific Inc. is still in the game, beating analysts’ expectations in the third quarter that ended Sept. 30.

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Maker of Whom, Innova Furniture Brands Plans New Locations

Jonathan Bass still believes in brick-and-mortar retail.

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Jay-Z to Launch Line of Cannabis Products

Grammy Award-winning rapper Shawn “Jay-Z” Carter is developing a line of cannabis products under the Monogram brand.

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Produce Wholesaler Best Fresh Is Acquired by GrubMarket

Downtown-based Best Fresh Produce Inc. is now part of GrubMarket Inc.’s growing portfolio of produce suppliers.

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LA and Long Beach Ports Still Playing Catch-Up, Despite Record September

The San Pedro Bay ports notched another record month in September, largely due to make-up shipments that were stalled by the pandemic earlier this year.

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Mattel Blows Past Earnings Expectations

Mattel Inc. beat Wall Street expectations and then some in the third quarter.

Terminal Operator Fenix Marine Finds Smooth Sailing at Ports

While most of the terminals at the San Pedro Bay are struggling to keep up with a recent influx of traffic, Fenix Marine Services just added a new carrier to its roster of clients.

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Lemonade Signs Up for CloudKitchens Space

CloudKitchens, a Pico-Union-based operator of several shared commercial kitchen locations, has a new tenant — El Segundo-based Lemonade Restaurant Group.

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Halloween Businesses Brace for a Scary Season

When the state’s Department of Public Health “strongly discouraged” trick-or-treating last week, it put a damper on already weak Halloween spending.

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YogaWorks Files for Bankruptcy

YogaWorks Inc., citing pandemic-related studio closures, filed for Chapter 11 bankruptcy Oct. 15, with its secured-debt holder Serene Investment Management as a stalking horse bidder.

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PPE Maker Moldex-Metric Plans Factory in Tennessee

Moldex-Metric Inc., a Culver City-based manufacturer of hearing and respiratory protection equipment, is expanding operations to Lebanon, Tenn.

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Wave of Bankruptcies Washes Over LA Businesses

Impresa Aerospace is the latest of more than a half-dozen large companies in Los Angeles County that have filed for bankruptcy this year.

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Wonderful Co. Sets Up $1 Million Waste Challenge

West Los Angeles-based agriculture giant Wonderful Co. is offering $1 million to biomass innovators who can figure out the best way to reuse 50,000 tons of pomegranate husks.

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Fisker Revs Up Facilities, Funding Ahead of Ocean SUV Launch

Fisker Inc., a Torrance-based electric vehicle startup, plans to open an engineering and technology center in San Francisco’s Mission District.

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Daring Foods Raises $8 Million to Expand

Daring Foods Inc., a startup that makes plant-based chicken substitute products, has raised $8 million, bringing total capital raised by the company to $19 million since 2017.

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Fast-Growing Etailer FabFitFun Could Be Considering IPO

Six months after hiring its first chief financial officer, FabFitFun Inc. is looking to expand its finance and accounting teams, possibly with an eye on a bigger prize.

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8 OVER 80: Nedjatollah Harounian, 81

Nedjatollah Harounian can’t wait to get back to work. But for now, his Melrose Avenue footwear store, Palais Des Modes, remains shuttered — looters set it on fire during social justice protests on May 30.

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Plant-Based Startup Daring Foods Raises $8 Million

Daring Foods Inc., a Culver City-based startup that makes plant-based chicken substitutes, raised $8 million to support its marketing, innovation and staffing efforts.

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Beyond Meat Launches Ecommerce Site

Beyond Meat Inc., a maker of plant-based meat alternatives, launched an ecommerce website last month as part of a strategy to explore new or under-tapped retail opportunities.

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LA, Long Beach Ports Report Big Gains for August

The busy season at the San Pedro Bay Port Complex is off to a good start, with both ports reporting cargo volume increases for August.

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Ecommerce Returns Service Happy Returns Adds Dressbarn

Dressbarn, a women’s apparel brand that emerged from bankruptcy in January as a digital-only retailer, has selected Happy Returns Inc. to handle its in-person returns.

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OSI Systems Wins $44 Million in Contracts

September is off to a good start at Hawthorne-based OSI Systems Inc.

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Honda, GM Team Up on Electric Vehicles

Honda Motor Co. Ltd., which has its U.S. headquarters in Torrance, and Detroit-based General Motors Co. have formed a North American alliance to develop shared electric vehicle platforms and propulsion systems.

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Coffee Startup Bruvi Raises $2 Million

Beverly Hills-based Bruvi's new funding round will help it launch its mobile app-connected, Wi-Fi enabled coffee makers with recyclable single-serve coffee and tea pods.

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Revolve Beats Earnings Expectations for Second Quarter

Preparing for “the worst” helped Revolve Group Inc. surpass analyst expectations and deliver record earnings per share for its second quarter that ended June 30.

Santa Monica Pier Businesses in Peril After Bummer of a Summer

Premier Parks, which operates Pacific Park, as well as other businesses on the 111-year-old Santa Monica Pier are trying to make the best of the pandemic, which left the area completely shuttered from March 15 to June 24.

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Guess Tops Goals for Revenue, Earnings

Shares of Guess Inc. rose about 10% on Sept. 2 after the downtown-based apparel retailer beat Wall Street’s expectations for revenue and earnings for the company’s fiscal 2021 second quarter.

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Big-Box Retailers Increase Hiring in LA as Demand Surges

Several big-box retailers — including Target Corp., Walmart Inc., Home Depot Inc., Costco Wholesale Corp. — have posted substantial sales increases since the pandemic hit in March.

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Delivery, Logistics Companies Staff Up to Meet Demand

The proliferation of ecommerce over the past six months has resulted in local job gains at delivery service businesses.

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LA’s Ready-Meal Companies Are Cooking During Covid

While the pandemic continues to emaciate the hospitality industry, it has helped local ready-meal companies see an uptick in business in recent months.

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San Pedro Bay Ports Report Strong Gains for July

A surge in online spending and extra vessel visits in July helped the Port of Long Beach record its busiest month while the Port of Los Angeles saw its highest cargo volumes of the year.

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Macerich Results Point Up Retail's Challenges

Mall owner sees disruptions in rents, leases from Covid

Macerich Co.’s latest earnings report includes some grim financials but it also provides a glimpse into challenges facing the retail industry as a whole.

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Kellstrom Defense Rebrands as AllClear Holdings

El Segundo-based Kellstrom Defense Aerospace Inc. has a new moniker — AllClear Holdings — and will share it with its parent company, Aero Precision Holdings.

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Investors Applaud Fat Brands Deal for Johnny Rockets

The price of FAT Brands Inc. stock experienced a 128% surge in the days following news that the company had agreed to buy Johnny Rockets from a private equity firm.

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