LA BUSINESS JOURNAL DAILY NEWS

Kardashian Lands $200 Million Investment From Coty

Deal values KKW Beauty at $1 Billion

New York-based Coty Inc. paid $200 million for a 20% stake in KKW Beauty, bringing the company's valuation to $1 billion.

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eTailPet Helps Small Stores Boost Their Online Presence

Platform supports sales, inventory management

Santa Monica-based eTail Pet Inc. is giving small pet stores a longer leash in the digital space.

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LAEDC Fills Key Leadership Roles

Nissen, Medina, Cheung are elevated

The Los Angeles County Economic Development Corp. announced last week that recently retired NBCUniversal exec Steve Nissen has been elected as the organization’s new board chairman.

Snap Rolls Out Shows, New Lenses

Social media giant launches offerings to counter TikTok

In a series of moves seemingly made with one eye on advertisers and the other on rapidly growing competitor TikTok, Snap Inc. recently announced shoppable shows, rolled out music lenses and signed partnerships with third-party developers.

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Elementary Robotics Raises $13 Million

Startup also rolls out device for inspection, traceability

Elementary Robotics Inc., a downtown-based robotics startup, has raised $12.7 million in Series A funding.

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LA Hits Reset on Cannabis Licensing Program

City Council prioritizes social equity, launches lottery

The city of Los Angeles has passed sweeping changes to its cannabis regulatory regime, with big implications for the industry in the one of the world’s largest legal markets.

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Tech Tools Boost Efficiency for Financial Advisors

Tools like Zoom break down barriers

Jason Blumberg relied on face-to-face meetings — the firmness of the handshake, maintaining eye contact, a confident voice — to build trust with clients.

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WGA, Producers Reach Agreement

Deal is valued at $200 million

The Writers Guild of America has reached a tentative deal with the Alliance of Motion Picture and Television Producers, eliminating fears of a possible WGA strike.

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LeBron’s SpringHill Scores Funding, Content Deals

Firm strikes deals with ABC, Sister

Los Angeles Lakers superstar LeBron James and longtime business partner Maverick Carter are riding high with recently announced funding and a new content deal for their entertainment and consumer products company.

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City Approves $450 Million Project Near USC

Exposition Point, a long-planned addition to Exposition Park adjacent to the school, is moving forward after clearing the city of Los Angeles’ approval process last month.

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Nadel Architecture Sets New Ownership

Lyon, Winters take reins at firm

Sawtelle-based architecture firm Nadel Inc. has completed its transition to new ownership with principals Greg Lyon and Patrick Winters taking the helm at the firm.

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Platinum Equity Buys Deluxe’s Distribution Business

Platinum Equity has purchased Deluxe Entertainment Services' distribution business.

American Drops International Flights From LAX

American Airlines is shifting its trans-Pacific flight hub from LAX to Dallas-Fort Worth International.

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J2 Denounces Short-Seller Report

Internet services firm J2 Global Inc. has hit back at a short seller report that drove its stock down 9%.

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SpaceX Launches Satellite for Space Force

SpaceX successfully launched the company's first mission for the U.S. Space Force.

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Film Commission Sets $40 Million in Tax Credits

In what the California Film Commission said is a sign that Hollywood is ready to return to work, the agency announced $40 million in tax credits.

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Hudson Pacific, Blackstone Partner on Studio Properties

Brentwood-based Hudson Pacific Properties Inc. will soon have a new partner in its iconic studio sites in Hollywood.

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Real Estate Investors Favor Senior Housing

The silver tsunami triggered by the aging of America is driving increased demand for senior housing, even in the face of a pandemic.

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Podcast Biz Is Heating Up

LA companies lead the way in a growing industry

An influx of investment is bringing new momentum to the podcast industry in Los Angeles, which has developed into a hub for the burgeoning medium.

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County’s Jobless Picture Gets Darker

Experts divided after May rate reaches 20.9%

While the nation’s jobless picture showed signs of improvement in May, Los Angeles County’s unemployment rate continued to surge last month, sparking debate among economists about the local outlook.

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