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Mediha DiMartino

Stories by Mediha

Local Retailers Report Big Funding Raises

Several local companies serving the manufacturing and retail sectors kicked off September with new funding rounds.

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Troy Products Acquires Prisoner Transport Systems

Troy Sheet Metal Works Inc., d.b.a. Troy Products, said it acquired Prisoner Transport Systems from Quality Plastics Inc., based in Sparks, Nev.

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Honda Calls EV Tax Credit Bill ‘Unfair’

The bill would expand the consumer EV tax credit and provide an additional $4,500 for vehicles made by union labor.

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Johnny Was Apparel Brand Investment Pays Off for Endeavour

Downtown-based apparel brand Johnny Was has quadrupled its annual revenue to about $200 million.

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California Market Center Readies for Completion of $170 Million Makeover

The Gensler-designed renovation adds a rooftop terrace, open-air skybridges, dining space and an events plaza.

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LA Ports Still Clogged With Cargo Imports

With some 60 container cargo ships idling at the entrance of the port complex last week, traffic congestion in the San Pedro Bay shows no signs of letting up.

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OSI System Reports ‘Record’ Q4 Earnings

OSI Systems Inc.’s forecast for 2022 shows positive outlook for its security and optoelectronics divisions.

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Revolve Hires Kendall Jenner in Marketing Push

Revolve Group Inc. is embarking on a major marketing push that involves increased spending and a celebrity hire.

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Spectrum Laboratory Gets Covid-19 Boost

Spectrum Laboratory Products Inc., whose chemicals are used to make Covid-19 vaccines, is bracing for an uptick in production amid concerns that the pandemic is far from over.

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Whiplash Queues Up Southwest Distribution Hub with Enlinx Acquisition

Whiplash, which handles warehousing and distribution for Macy’s and Bed Bath & Beyond, said it plans to make Salt Lake City a long-term shipping node.

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Fat Brands Drops $300 Million on Twin Peaks Acquisition

FAT Brands Inc.’s latest deal to acquire a Texas-based sports bar chain upped its acquisition spending to about $743 million, and there’s more to come before year’s end.

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Guess Posts Mixed Quarterly Earnings

Guess Inc. reported mixed financial results for the second quarter of its fiscal 2022 that ended July 31, which dampened the company’s share price 5% in after-hours trading on Aug. 25.

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Honest Co. Shares Fall After Q2 Losses

Honest Co. Inc.’s shares hovered around $10 two weeks after the Playa Vista-based maker of nontoxic and eco-friendly personal and household products posted second-quarter earnings and revenue that fell short of Wall Street expectations.

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HydraFacial Rebrands as Beauty Health

After its successful debut on the Nasdaq in May, Long Beach-based HydraFacial Co. was renamed Beauty Health Co.

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C’est Moi Moves Into Walmart Stores

Products from the "radically inclusive" beauty company are headed to 3,000 Walmart stores.

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Bonduelle Appoints Andrea Montagna as CEO

Bonduelle Fresh Americas appointed Andrea Montagna as its new chief executive.

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Record Cargo Volume Tests Local Ports

Peak shipping season is in full swing at the San Pedro Bay port complex, signaling that August cargo stats will likely top records set in July.

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Revolve Stock Falls Despite Solid Earnings

Shares of Revolve Group Inc. stabilized at about $65 on Aug. 5 after the company’s stock suffered a 20% dive following the ecommerce retailer’s second-quarter earnings report.

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Kitchen United to Open Ghost Kitchens in Kroger Grocery Stores

Kitchen United Inc., a Pasadena-based company that operates off-premise ghost kitchens, has teamed with Kroger Co.

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Amazon Fresh Hiring for New Locations

Seattle-based Amazon.com Inc. is looking to hire hundreds of workers for its new Amazon Fresh grocery stores set to open in the coming months in La Habra and Cerritos.

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Long Beach Port to Open Terminal

The Port of Long Beach is putting the finishing touches on its Middle Harbor Redevelopment.

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Largest Private Companies: Individual FoodService Growth Fueled by Takeout Boom

Individual FoodService not only survived but thrived during the pandemic.

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Beyond Meat Reports Mixed Second-Quarter Results

Shares of El Segundo-based Beyond Meat Inc. dipped 5% in after-hours trading as the company reported mixed results for the second quarter that ended July 3.

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Local Stores, Malls Court Back-to-School Shoppers

With the Los Angeles Unified School District on track to welcome students for in-person learning next week, retailers are competing for back-to-school shoppers.

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Fisker Makes $10 Million Investment in EV Charging

Fisker Inc. is eyeing vertical integration.

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LA Auto Show Returns With EV Focus

After a 24-month hiatus, the Los Angeles Auto Show is getting ready to take over the Los Angeles Convention Center come November.

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Mattel Outpaces Industry With Strong Sales

Mattel Inc. surpassed Wall Street estimates for revenue and earnings and outpaced its competitors in the second quarter that ended June 30.

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Newegg Share Prices Level Off After July Surge

July was a volatile month for Newegg Commerce Inc.’s stock.

Skechers Tops Earnings Expectations for Second Quarter

Shares of Skechers U.S.A. Inc. rose about 8% after the Manhattan Beach-based designer and manufacturer of footwear and apparel beat top- and bottom-line forecasts for the second quarter.

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Papa Cantella’s New Dodger Dogs Reach Grocery Stores

Dodger Dogs are back in the grocery stores, but the packaging looks slightly different.

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Beyond Meat Launches Plant-Based Chicken Tenders

El Segundo-based Beyond Meat Inc. has launched its version of plant-based chicken tenders, and the product is expected to be available this month at some 400 restaurants locations nationwide.

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Tyra Banks Launches Smize Ice Cream Company

Entrepreneur and supermodel Tyra Banks has launched a second venture at Santa Monica Place — an ice cream brand.

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LA Companies Retain Remote Work Even as Pandemic Eases

L.A. companies are keeping remote work structures even as the pandemic eases.

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Largest Public Companies: California Resources Corp. Bounces Back

How They Got Here: California Resources Corp., which spun off in December 2014 from Houston-based Occidental Petroleum Corp., is among the largest oil and gas producers in California.

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Port of LA Sees Record Cargo Surge in June

The volume of cargo containers moved by dockworkers and terminal operators at the San Pedro Bay ports complex continues to surpass last year’s records by double digits.

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Ritual Adds Plant-Based Protein Shakes to Line of Supplements

About 10 miles up the road from Beyond Meat Inc., another local company is looking to pea protein to grow its bottom line.

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Cacique Plans to Open Factory in Texas

Cacique USA, a Monrovia-based producer of Mexican-style cheese, cream, yogurt and chorizo, has started construction of a food processing factory in Amarillo, Texas. The 200,000-square-foot facility is set to come online in the fall of 2022 and employ about 200 workers.

Honda Sets Prologue as First Battery-Powered EV

American Honda Motor Co. Inc. has named its first battery-powered electric vehicle the Prologue, a nod to changes coming down the company’s product pipeline.

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Plus-Size Retailer Torrid Hits $2.5B Valuation After IPO

Torrid’s July 1 debut on the New York Stock Exchange under the CURV ticker symbol went well — its shares were trading at 14% above the initial price on its opening day.

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SEA Electric Weighs IPO to Boost EV Power Systems

SEA Electric Holdings Pty Ltd., a new kid on the local EV block, is considering going public to accelerate its growth trajectory.

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Fat Brands to Acquire Global Franchise Group for $443 Million

Fat Brands will acquire the operator of Round Table Pizza and Hot Dog on a Stick for $442.5 million.

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Goat Group Valuation Soars to $3.7 Billion

The latest funding round for 1661 Inc. has doubled the valuation of the footwear and apparel reseller to $3.7 billion.

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Ports Continue to Set Cargo Records

The Port of Los Angeles has set yet another record.

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Veggie Grill to Franchise Burger Restaurants

Veggie Grill Inc. is looking to franchising as it expands its new plant-based hamburger concept.

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Guess Extends Eyewear License With Marcolin

Guess Inc. has extended its eyewear licensing agreement with Italian company Marcolin until 2030.

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Honest Co. Earnings Top Expectations

Playa Vista-based Honest Co. Inc.’s first-quarter earnings landed slightly above estimates presented in the prospectus for the company’s May 5 public debut on the Nasdaq.

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Ports of LA, Long Beach Prep for Another Record Year

Both the Port of Los Angeles and the Port of Long Beach are prepping for what could be another record-setting year.

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Business Owners Try to Prepare for California’s Reopening

Local businesses are welcoming California’s long-awaited June 15 reopening with tempered expectations.

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20 in Their 20s: John Dalsey

"We saw everyone trying to jump into the hard seltzer space, and they were all doing the same flavors. We saw an opportunity to do something different."

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20 in Their 20s: Mitchella Gilbert

"We are the first OBGYN-approved legging in the market."

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