Ethan Varian

Staff Reporter (Retail, Nonprofits)

Phone: 818-316-3130 Extension: 124

Recent Stories

One VC Fund’s Diverse Focus

FINANCE: Marlon Nichols seeks multicultural returns.

Venture capitalist targets minority millennials.

CPAs Gather in Valley for Cannabis Conference

Accounting: All-cash industry poses challenges for bookkeeping.

New leaders at hospitals, mental health center.

Around the Valleys

News and notes from the greater San Fernando Valley

Scooter Riders Look to Valley

TRANSPORTATION: Low-income areas may get extra wheels.

Valley could benefit from new rules on electric scooters.

Preview: Scooter Riders Look to Valley

The dockless electric scooters that have popped up in neighborhoods throughout the Westside and Central Los Angeles may soon come to the San Fernando Valley.

Rapper Opens Marijuana Dispensary in Sylmar

Hip hop artist B-Real of the group Cypress Hill opened a marijuana dispensary Wednesday in Sylmar.

CRC Stock Falls as Oil Prices Sink

Shares of California Resources Corp. dropped more than 10 percent on Wednesday as crude oil prices fell 3 percent to below $65 a barrel.

Salem Media Acquires Financial Publisher

Salem Media Group has acquired former financial analyst Hilary Kramer’s investment newsletters and websites, the Camarillo-based conservative and Christian media company announced Monday.

B. Riley Subsidiary Negotiates South Coast Acura Sale

GlassRatner, a subsidiary of B. Riley Financial Inc. in Woodland Hills, announced Thursday that it advised Coast Mesa car dealer Orange Coast Auto Group in its acquisition of Costa Mesa-based South Coast Acura.

Salem Media Falls on Disappointing Quarter

Shares of Salem Media Group Inc. fell more than 16 percent Thursday after the Camarillo-based Christian and conservative media company announced a worse-than-expected quarterly loss of $2.2 million, or -8 cents a share.

Woodbury Adds Three Board Members

Woodbury University has appointed three new members to its board of trustees, the Burbank institution announced Thursday.

Hemp Dust in Your Coffee At NoHo Cafe

CBD ‘mood enhancer’ helps with recruiting new customers.

NoHo café sells coffee with hemp compound.

Semtech Investments in Internet of Things Pay Off

TECHNOLOGY: Patent acquisitions work for Camarillo chip maker.

Semtech’s acquisition strategy spurs growth.

Funk Meets Finance

A group of small retailers feels that escalating rents will ruin the charm they’ve built in Magnolia Park.

Rising rents threaten Burbank small businesses.

Around the Valleys

News and notes from the greater San Fernando Valley

New American Funding Opens Camarillo Branch

MORTGAGE LENDING: Firm touts fast closing times for homebuyers.

New mortgage lender in Camarillo.

California Resources Reports Loss of $82 million

California Resources Corp. reported a worse-than-expected quarterly loss of $82 million, or $1.70 a share, the Chatsworth oil and gas company announced Thursday.

Dole Completes Merger with Total Produce

Dole Food Co. finalized its merger with European fresh produce distributor Total Produce Tuesday in a $300 million deal.

Baskin-Robbins Opens 8,000th Store in Thousand Oaks

Ice cream chain Baskin-Robbins opened its 8,000th store in Thousand Oaks on July 25.

Senior Services and Children’s Charities Combine

NONPROFIT: OneGeneration acquires Grandparents as Parents in non-cash deal.

San Fernando Valley nonprofits merge.

Marijuana Map: Illegal Shops

RETAIL: Amid crackdown, neighbors cite odor, rent hikes.

Businesses not happy with illegal pot shops.

Preview: Marijuana Map: Illegal Shops

As city of Los Angeles cracks down on dispensaries, neighbors complain of odors and potential rent hikes.

IHOP Launches Meal Delivery Partnership

IHOP has launched a new delivery service at more than 300 U.S. locations through a partnership with on-demand delivery app DoorDash, the Glendale-based restaurant chain announced Tuesday.

Princess Cruises to Host Slot Tournaments

Princess Cruises has partnered with the makers of Monopoly-themed slot machines to host tournaments on hundreds of cruises this year, the Santa Clarita-based company announced Friday.

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Avery Dennison to End Pension Plan

Avery Dennison Corp. will discontinue its pension plan effective Sept. 28, according to a Securities and Exchange Commission filing by the company.

B. Riley Financial Names Co-Chief Executive

B. Riley Financial Inc. has made new appointments to key executive positions including co-chief executive, the Woodland Hills financial services firm has announced.

IHOP Reclaims Name, Ends IHOb Campaign

The Glendale-based restaurant announced Monday on Twitter that it has changed its name back to IHOP.

Priority Fundraiser

Brigette Loden left a career in securities to run nonprofits. Now she applies her finance skills to fund Valley charities.

Profile: Brigette Loden of Community Foundation of the Valleys.

Retail Landlords Look to Repurpose Big Boxes

LIST: Traffic strategy shifts from department stores to gyms and theaters.

Mall owners repurpose space.

B. Riley Combines Wealth Management Shops

ADVISORY: New name and rebranding effort to be complete later this year.

B. Riley Financial renames, rebrands subsidiary.

Debt Load Could Derail Cherokee’s Longevity

APPAREL: Shares of the Sherman Oaks licensing company have dipped.

Cherokee Inc. faces liquidity issues.

CSUN Appoints New Athletic Director

California State University – Northridge has appointed Michael Izzi as its new athletic director, CSUN President Dianne F. Harrison announced Monday.

Sears Store in Thousand Oaks to Close

The Sears department store at the Janss Marketplace in Thousand Oaks will close this fall.

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Food Broker Co-Sales Acquired by Impact Group

Retail sales agency Impact Group Inc. has acquired Sherman Oaks-based food broker Co-Sales Co. for an undisclosed amount, the company has announced.

B. Riley Financial to Rebrand Subsidiary as B. Riley Wealth Management

B. Riley Financial Inc. announced Tuesday that its subsidiary, stock brokerage and investment advisory Wunderlich Securities Inc., will change its name to B. Riley Wealth Management Inc.

Mall Closures Open Doors for Dave & Buster’s

REAL ESTATE: Eatery and arcade chain moves into Northridge vacant space.

Dave and Buster’s opens at Northridge Fashion Center.

Higher Costs, Tax Reform Pinch Nonprofits

LIST: Organizations train donors on navigating new rules on contributions.

Valley charities face fundraising challenges.

Tall ServiceTitan

TECHNOLOGY: Software startup lands venture capital, says company worth ‘in the neighborhood’ of $800 million.

ServiceTitan gets $62 million in venture capital.

Cheesecake Factory to Debut New Chain in Thousand Oaks

Cheesecake Factory Inc. plans to open a new Asian fusion restaurant chain, which will make its debut at the Promenade at Westlake in Thousand Oaks this fall.

Limoneira Stock Offering to Fund Chilean Acquisition

Limoneira Co. is offering around $60 million of its common stock to help fund the acquisition of a ranch in Chile, the Santa Paula agribusiness company announced Wednesday.

EPA Orders Groundwater Cleanup

The Environmental Protection Agency has ordered two aerospace manufacturers to spend more than $21 million to clean up groundwater contamination at a Superfund site near the Hollywood Burbank Airport.

Dole Appoints President of Fresh Vegetables

Dole Food Co. Inc. has appointed Michael Solomon as president of Dole Fresh Vegetable, the Westlake Village company announced Tuesday.

B. Riley Participates in $1.4 Billion Rent-A-Center Acquisition

B. Riley Financial Inc. has partnered with Vintage Capital Management to acquire Rent-A-Center Inc, the Woodland Hills financial firm announced Monday.

Princess Cruises Screen World Cup Matches on Deck

Princess Cruises has begun broadcasting this year’s World Cup soccer matches for guests aboard nine of its cruise ships.

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Cherokee Quarterly Report Hints at Insolvency

Cherokee Inc. could face the prospect of bankruptcy, the company announced in an earnings report on Thursday.

Judge Approves AT&T Purchase of Time Warner

A federal judge has approved AT&T Inc.’s acquisition of Time Warner Inc., the parent company of Warner Bros. Entertainment in Burbank.

IHOP Rebrands as IHOb

IHOP is temporarily changing its branding to IHOb as part of a marketing campaign to introduce a new line of burgers, the restaurant announced Monday.

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Those Going Broke Blues

Retail: Unless profits improve, S&P predicts Guitar Center will default on debt by 2020.

Is Guitar Center approaching insolvency?

Burbank’s Futurist

Former mayor Thomas Flavin now works on economic development as chamber CEO.

Burbank Chamber CEO Thomas Flavin.

Shopping App Eases Store Exit

RETAIL: Ralphs tests scanning technology at Studio City store.

Ralphs in Studio City tests checkout app.