Andrew Foerch
Staff Reporter (Retail, Nonprofits)
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.
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.
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.