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BUSINESS
April 10, 2014 | Roger Vincent
Designs for the long-anticipated Beverly Hills Waldorf Astoria, the luxury chain's first new U.S. outpost west of Chicago, have been unveiled with a flourish by local hotelier Beny Alagem. The 12-story Waldorf Astoria will stand at the intersection of Santa Monica and Wilshire boulevards next to the Beverly Hilton hotel. It will be a flagship for the Hilton company's top hotel brand, said Christopher Nassetta, chief executive of Hilton Worldwide. "When we are done, this will be one of the great hotels in the world," he said.
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BUSINESS
January 26, 2013 | By Laura J. Nelson, Los Angeles Times
The gig : Andrew Wiederhorn is the chairman and chief executive of Fatburger Inc., a fast-food restaurant chain based in Beverly Hills. The first Fatburger opened on Western Avenue in Los Angeles in 1947 and gained notoriety when rappers Ice Cube, Tupac Shakur and the Notorious B.I.G. all mentioned the restaurant in songs. Since 2003, Fatburger has been owned by Fog Cutter Capital Group Inc., a Santa Monica investment company of which Wiederhorn is also chairman and CEO. Self-starter : Wiederhorn grew up in a single-parent family in Portland; his father died when he was age 9. In high school, he hired a lawyer to help him get permits to rent out jet-skis on the Willamette River.
WORLD
September 16, 2011 | By Barbara Demick, Los Angeles Times
At a glance, it is clear this is no run-of-the-mill farm: A 6-foot spiked fence hems the meticulously planted vegetables and security guards control a cantilevered gate that glides open only to select cars. "It is for officials only. They produce organic vegetables, peppers, onions, beans, cauliflowers, but they don't sell to the public," said Li Xiuqin, 68, a lifelong Shunyi village resident who lives directly across the street from the farm but has never been inside. "Ordinary people can't go in there.
CALIFORNIA | LOCAL
February 2, 2008 | Dennis McLellan, Times Staff Writer
Lovie Yancey, founder of the Fatburger restaurant chain, which began with a popular post-World War II hamburger stand in South Los Angeles, has died. She was 96. Yancey, who had pneumonia, died Jan. 26 at Olympia Medical Center in Los Angeles, said her daughter, Gwen Adair. Yancey had already operated a restaurant in Tucson and was living in Los Angeles in the late 1940s when she began thinking about launching a new food business.
BUSINESS
February 20, 2013 | By Lauren Beale, Los Angeles Times
Word is out that financier Gary Winnick is quietly floating his storied estate in Bel-Air for sale at $225 million. Winnick, who founded and later sold Global Crossing, bought the Bellagio Road mansion in 2000 from Dole Food Co. owner David Murdock. The $94-million deal, which involved the telecom mogul ponying up a parcel of land, stood as the highest-priced home sale in California for years. Although a seller can ask any amount for a property, the 8.4-acre trophy home is for sale at the right price, said a person familiar with Winnick's real estate dealings who wasn't authorized to speak publicly.
BUSINESS
September 19, 1986
Steve Penn has been named project manager for Home Capital Development Group.
BUSINESS
January 23, 1985
Don R. Conlan has been elected president and a director of Capital Group Research Inc., a newly created investment research company within Capital Group Inc., a Los Angeles-based group of investment management companies. He remains Capital Group's chief economist and president and a director of Capital Strategy Research Inc., a subsidiary involved in international economic, government and political research. Conlan is the current chairman of the Conference of Business Economists.
BUSINESS
November 19, 2013 | By Tiffany Hsu
Carpinteria-based CKE Inc., which owns fast-food chain Carl's Jr., will be sold by its private equity owner to another private equity firm that owns major brands such as Cinnabon and Auntie Anne's. CKE was bought by an affiliate of Roark Capital Group, an Atlanta firm whose portfolio is stuffed with names such as Wingstop, Corner Bakery Cafe, Seattle's Best Coffee and Arby's. Roark will acquire a majority stake in CKE, which also runs brands such as Hardee's, Green Burrito and Red Burrito.
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