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BUSINESS
May 10, 2013 | By Tiffany Hsu
True Religion Apparel Inc., the Southern California purveyor of pricey designer denim, may have gotten too small for its britches. More than half a year after putting itself up for sale amid growth struggles and fluctuating stock, the high-end-jeans seller said its board unanimously accepted an $835-million takeover offer from investment firm TowerBrook Capital Partners. The $32-a-share deal for the Vernon label represents an 8.7% premium on Thursday's $29.44-a-share closing price and a 52% increase from the stock price Oct. 9, the day before True Religion said it would explore strategic alternatives.
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May 22, 2011 | By Adam Tschorn, Los Angeles Times Staff Writer
Any surfer who has tried to catch a wave will tell you that timing is everything. And Sundek — the once-iconic '70s surf brand known for the rainbow stripe arching across the seat of its swim trunks — seems to have caught a killer curl on its way back to U.S. beaches. Founded in San Francisco in 1958, Sundek was an early sponsor of surfers and became known for its trademark multi-stripe and triple-stitched, two-ply nylon shorts, created specifically for surfing. While the label had faded quietly from the U.S. market by the mid-1990s, it lived on in Europe, licensed by Florence, Italy-based Kickoff SpA, where its American and surfing heritage roots and trimmer cut were a draw.
BUSINESS
December 11, 2013 | By Stuart Pfeifer
Lucky Brand Jeans is coming home again. Los Angeles private-equity firm Leonard Green & Partners has agreed to pay $225 million to acquire Lucky from New York fashion company Fifth & Pacific Cos. The acquisition means that Lucky, founded in Vernon in 1990 and moved last year to a 1940s Art Deco building in downtown Los Angeles, will be locally owned once again. Denim veterans and Lucky co-founders Gene Montesano and Barry Perlman used clever marketing - including the "Lucky You" label stitched into the fly - to create one of the country's most popular mid-level denim jeans.
IMAGE
January 29, 2012 | Adam Tschorn
Custom-made men's dress shirts were once considered the privileged peacockery of the moneyed set -- a dash of sartorial swagger that could be afforded only by Hollywood A-listers, Wall Street bankers and monocle-wearing aristocrats of a bygone era. But today, thanks to advances in technology, a competitive market and consumer demand, custom clothing has moved within the barrel-cuffed arm's reach of the common man. Click a button in Burbank and...
BUSINESS
July 3, 2003 | From Dow Jones/Associated Press
Sales of laptop computers in U.S. stores in May outpaced those of desktop computers for the first time, according to a survey by market research firm NPD Group. Laptops accounted for more than 54% of the nearly $500 million in retail computer sales in May, the Port Washington, N.Y., company said Wednesday. That compares with January 2000, when laptops represented less than 25% of sales volume, NPD said.
BUSINESS
June 23, 2012 | By Shan Li, Los Angeles Times
Like most guys, Eric Lugo wants to look handsome. But he doesn't want to be caught applying makeup. So the 26-year-old uses skin-care products with names like Kiehl's Facial Fuel and Lab Series' Power Brightening Serum. "I want to keep myself up and maintain my looks, but I'd never use anything that looks like it's made for my girlfriend," the Los Angeles banker said. "This stuff looks like it's for guys, not girlie at all, so I feel OK using it. " Retailers are seeing a booming market in cosmetics and skin care for men. But they face one big challenge - most guys are squeamish about products that seem too feminine.
HEALTH
September 20, 2010 | By Elena Conis, Special to the Los Angeles Times
Super-thick, creamy nonfat Greek yogurt has become a highly popular product, with the benefits of a high-quality protein. A few short years ago, Greek yogurt was a rarity on supermarket shelves. These days, however, brands and flavors abound. The super-thick, creamy yogurt has become a highly popular product — and with good reason, says Susan Bowerman, assistant director of the UCLA Center for Human Nutrition. "It has all the benefits of a high-quality protein without the fat and without the calories," she says.
BUSINESS
February 9, 2001 | Greg Johnson
School uniform sales grew by 22% over the last two years, reaching $1.1 billion in 2000, according to NPD Group Inc., a Port Washington, N.Y.-based research firm. A survey of 9,000 U.S. households found that 14% of respondents with school-age children had at least one child who is required to wear a uniform. Uniforms now account for 5% of the $20.4-billion children's apparel market. NPD described uniform sales as a "significant share" of the overall children's apparel market.
BUSINESS
October 6, 2004 | From Reuters
Most Americans are planning to curb their holiday spending this year, making it a challenging shopping season for U.S. retailers, according to a holiday buying survey by NPD Group. Nine out of 10 consumers said they would spend the same amount as or less than they did in 2003. Americans plan to spend an average of $655 this holiday season, the survey showed Tuesday.
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