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BUSINESS
January 30, 2010 | By Nathaniel Popper
Ron Burkle is known for investing in supermarkets, but the Los Angeles magnate apparently is making a move to go more upscale. Burkle reportedly has made an offer to take a controlling stake in Barneys New York, the storied but troubled luxury retailer. A bid would suggest that the private equity investor is confident about a recovery in the luxury fashion market, which has struggled during the economic downturn. Burkle offered in December to inject $50 million into the chain in a deal that would give him 80% of the company's common stock, the Wall Street Journal reported.
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BUSINESS
September 30, 2013 | By Tiffany Hsu
Fresh & Easy Neighborhood Market Inc. filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court, weeks after being promised to Los Angeles billionaire Ron Burkle. The grocery chain, which is in the process of trading hands from British supermarket giant Tesco to Burkle's Yucaipa Cos., cited debt between $500 million and $1 billion in its court filing Monday. The move “is simply the next step in the restructuring process” during the sale and will have “no impact” on customers' shopping experience, Fresh & Easy said in a statement.
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REAL ESTATE
February 21, 1999 | Ruth Ryon
Singer-songwriter Joni Mitchell has put a Hollywood Hills home that she owns on the market at $829,000. The pop star marked her 55th birthday in November at an Atlanta concert with another Rock and Roll Hall of Famer, Bob Dylan. She also starred in the fall in her first TV special since 1980 and cut the album "Taming the Tiger."
ENTERTAINMENT
September 20, 2013 | By Mike Boehm
Lillian Disney lived 101/2 years after instigating the creation of Walt Disney Concert Hall in her husband's honor by donating $50 million, but she never got to see it rise from its foundation, alone attend a performance. "A concert hall that would entertain the public with the finest musical offerings would be enormously gratifying to him," she had said in announcing her gift in 1987. The groundbreaking ceremony launching Disney Hall's construction finally arrived in December 1999 - two years after her death at age 98. The project became an epic mess that was sorted out only after it had turned into a civic embarrassment.
ENTERTAINMENT
February 9, 2007 | Rose Apodaca
In what may be the unlikeliest pairing of hosts on Oscar weekend, designer Giorgio Armani announced Thursday that he would present the couture collection he showed recently in Paris at billionaire Ron Burkle's Green Acre Estates in Beverly Hills the night before the Academy Awards. "This is a particularly meaningful Oscar year for me as many of my friends are nominated," Armani said in a statement.
BUSINESS
February 20, 2008 | From Times Wire Services
Los Angeles billionaire Ron Burkle doubled his holding in China's Xinhua Finance Media to 12% with the purchase of $30 million in convertible stock. The new stake comes on top of the $27.5 million that Burkle's Yucaipa Cos. invested in September, Xinhua said. The conversion price is $6 per American depository share, a 31% premium above Xinhua's close Friday, the Beijing company said. Xinhua sells ads for financial publications and TV and radio stations.
BUSINESS
May 28, 2005 | From Bloomberg News
One of Pathmark Stores Inc.'s largest shareholders said it opposed California billionaire Ron Burkle's $150-million purchase of a 40% stake in the money-losing supermarket chain. Lampe Conway & Co., which owns a 4.4% Pathmark stake, said in a regulatory filing that it would vote against the purchase by Burkle's Yucaipa Cos. at a June 9 shareholder meeting.
BUSINESS
November 15, 1998
Ron Burkle, the great deal maker ["Burkle's Next Deal: Internet Start-Up?" Oct. 20]? When he and his followers were thrown out of Stater Bros., they bought Jurgensen's Grocery Co., sold the store leases and destroyed that famous Southern California company started in 1936. As a former employee of 25 years, I know he is overrated. How can you be rated upstanding when you succeed by destroying something that can never be replaced, along with the lives of others? SHIRLEY SCOTT Arcadia
BUSINESS
March 28, 2008 | Alana Semuels, Times Staff Writer
Former Walt Disney Co. president and Hollywood agent Michael Ovitz won a legal victory over billionaire investor Ron Burkle in a Los Angeles courtroom Thursday. Los Angeles County Superior Court Judge Soussan Bruguera granted motions for summary judgment, preventing Burkle's claims against Ovitz stemming from two failed Internet ventures from going forward.
BUSINESS
January 3, 2009 | Bloomberg News
Los Angeles billionaire Ron Burkle and his Yucaipa Cos. private-equity firm reported an 8.3% stake in Barnes & Noble Inc., the world's largest bookseller, and may seek talks with the company. Burkle intends to monitor Barnes & Noble's performance and consider the option to discuss strategic opportunities with the company's board or executives, according to a regulatory filing Friday.
BUSINESS
September 10, 2013 | By Stuart Pfeifer
Ron Burkle, who became a billionaire reviving faltering supermarket chains, will try to turn the money-losing Fresh & Easy stores into a profitable venture. Burkle's Yucaipa Cos. has agreed to buy the El Segundo chain for an undisclosed amount from British supermarket giant Tesco, which is bailing from the U.S. scene after losing about $2 billion over five years. Yucaipa will acquire more than 150 of Fresh & Easy's 200 mostly Southern California stores and its Riverside distribution and production facilities, keeping more than 4,000 employees.
BUSINESS
June 13, 2013 | By Tiffany Hsu, Los Angeles Times
Wild Oats Markets Inc., the closed purveyor of organic and natural foods, is planning a comeback this year, potentially aided by local billionaire Ron Burkle. The company, which has been out of operation since 2007, now says on its website that it is "re-introducing" its brand, bringing beverages, snacks, cereals, pasta and other goods to store shelves. Burkle's Los Angeles private equity company Yucaipa Cos. seems to be involved. A trademark application filed by Wild Oats Marketing last June and published for opposition in late May lists Yucaipa's Sunset Boulevard address.
ENTERTAINMENT
March 25, 2013 | By Daniel Miller
Billionaire mogul Ron Burkle has invested in a new branded entertainment company, broadening his rapidly growing stable of Hollywood-related businesses. Burkle has partnered with publishing executive Richard Beckman and entertainment attorney Joel Katz of Greenberg Traurig to start Three Lions Entertainment, the company announced Monday. It will open headquarters in Midtown Manhattan in April, but is already operating out of temporary offices. Three Lions will produce network television programs that embed advertisers' products within the shows.
SPORTS
December 4, 2012 | By Helene Elliott
NEW YORK - Finally, there's reason to believe the NHL and the players' association are listening to each other and might be inching toward a labor agreement that would salvage some semblance of a season. NHL Deputy Commissioner Bill Daly, who has often accused the NHLPA of being unwilling to negotiate, was cordial toward the union after marathon meetings between selected owners and players at a New York hotel Tuesday. That was significant because Daly has been a loud and constant critic of the union's supposed reluctance to compromise.
ENTERTAINMENT
August 1, 2012 | By Joe Flint
After the coffee. Before figuring out if it is too late to become an Olympic swimmer. The Skinny: A lot going on for a Wednesday in August. Time Warner and Comcast both posted their quarterly results. Carl Icahn is selling out of MGM. NBC is finding friends for its Olympic coverage and the Games may even break even for the network. All that and more in this edition of the Morning Fix. Daily Dose: Cable subscribers in Ohio and Kentucky who were enjoying the NFL Network and NFL RedZone are losing the channels starting today (Wednesday)
ENTERTAINMENT
May 31, 2012 | By Ben Fritz
Independent studio Relativity Media has received a much-needed infusion of cash thanks to its new billionaire patron, Ron Burkle. The supermarket magnate, who acquired a large minority share in the movie company behind"Immortals"and"Mirror Mirror"in January, anchored a new $350-million debt-financing round that Relativity has finalized. The money will allow Relativity and its chief executive, Ryan Kavanaugh, to get back into producing movies and start building out the company's 2013 slate.
ENTERTAINMENT
May 19, 2006 | Christopher Reynolds
In a changing of the guard that leaves three seats open on the J. Paul Getty Trust's governing board, trustee Ron Burkle has resigned, trustee Lloyd Cotsen has retired and trustee Agnes Gund has been termed out. In a Getty statement disclosing the moves Thursday, billionaire investor Burkle cited an "increasingly complex schedule." Cotsen, an art collector and philanthropist who joined the board in 2002 and became vice chairman in September, gave no reason for his decision.
ENTERTAINMENT
March 24, 2007 | From the Associated Press
For months, former New York Post scribe Jared Paul Stern was at the center of unseemly accusations that he tried to shake down billionaire Ronald Burkle in exchange for good press in the newspaper's gossip pages. Now Stern has fired back in a lawsuit filed Thursday against Burkle, the Post's archrival Daily News and even former President Bill Clinton and Sen. Hillary Rodham Clinton (D-N.Y.), whom Stern accuses of attacking him in an effort to suppress negative stories about themselves.
BUSINESS
May 8, 2012 | By Stuart Pfeifer, Los Angeles Times
Los Angeles supermarket magnate Ron Burkle went upscale with the latest addition to his portfolio: fashion retailer Barneys New York. Burkle's Yucaipa Cos. and Perry Capital took ownership of Barneys in a debt-restructuring deal, Barneys announced Monday. Perry Capital is the majority owner. The deal slashes Barneys' debt to $50 million from $590 million. "This agreement provides us with increased free cash flow that will be used to revitalize our stores, invest in Barneys.com and further enhance our customer experience at a time when our operational financial performance is very strong," Barneys Chief Executive Mark Lee said in a statement.
NEWS
May 7, 2012 | By Stuart Pfeifer
Los Angeles supermarket magnate Ron Burkle went upscale with the latest addition to his portfolio: fashion retailer Barneys New York. Burkle's Yucaipa Cos. and Perry Capital took ownership of Barneys in a debt-restructuring deal, Barneys announced Monday. Perry Capital is the majority owner. The deal slashes Barneys' debt from $590 million to $50 million. “This agreement provides us with increased free cash flow that will be used to revitalize our stores, invest in Barneys.com and further enhance our customer experience at a time when our operational financial performance is very strong,” Barneys Chief Executive Mark Lee said in a statement.
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