Andrew Foerch

Staff Reporter (Retail, Nonprofits)

Email: afoerch@sfvbj.com
Phone: 818-316-3130 Extension: 124

Recent Stories

Ontic Secures License for Honeywell Airplane Wipers

Chatsworth-based aerospace manufacturer Ontic has signed a licensing deal with Honeywell to assemble and sell the company’s legacy aircraft windshield wipers.

PCF Insurance in Woodland Hills Acquired

PCF Insurance Services in Woodland Hills has been acquired by HGGC, a middle-market private equity firm in Palo Alto.

Tot Squad Sells Baby Equipment Cleaning Business

Infant services platform Tot Squad in Sherman Oaks has sold its baby equipment cleaning business to BabyQuip, a rental service for baby gear based in the Bay Area.

Marcus & Millichap Acquires Metropolitan Capital Advisors

Marcus & Millichap Inc. has acquired Metropolitan Capital Advisors, a commercial real estate finance intermediary in Dallas.

Shutdown Costs Reagan Library $150,000 a Week in Lost Revenue

The Ronald Reagan Presidential Library and Museum in Simi Valley is trying to shore up donations to compensate for hundreds of thousands of dollars in lost revenue resulting from the COVID-19 outbreak.

California Resources Corp. Considers Strategic Options

Santa Clarita oil and gas company California Resources Corp. said it will “consider all options” to get through the slump in oil prices.

Cheesecake Factory Furloughs 41,000 Employees

Cheesecake Factory Inc. has furloughed about 41,000 hourly restaurant employees and cut executive salaries by 20 percent, according to an SEC filing released Friday by the Calabasas restaurant operator.

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Cheesecake Factory Won't Pay April Rent

Cheesecake Factory Inc. has notified its landlords that it won’t pay rent on April 1 due to financial complications stemming from the coronavirus outbreak.

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Groceries ‘Normalizing’ Again

Grocers in the Valley region are beginning to see a return to regular operations after being hammered in recent weeks by huge crowds and product sellouts prompted by the coronavirus scare.

Layoffs Coming in Hotel, Restaurant Industries

The coronavirus pandemic has curbed travel as people shelter in place, resulting in a nightmarish situation for hotels and their employees.

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