Mediha DiMartino covers media, marketing, auto dealers, government, nonprofits and education. She can be reached at firstname.lastname@example.org
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.