December 4, 2012 |
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.
June 13, 2013 |
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.
September 13, 1994 |
The turning point came in 1981 when Ron Burkle--then a vice president at the Stater Bros. supermarket chain at the tender age of 29--decided to put together a buyout team and raise money to acquire his employer. Although Petrolane Properties, owner of Stater Bros. at the time, was entertaining offers to buy its supermarket chain, the parent company was not entertained by Burkle's offer.
September 25, 2010 |
After months of bitter attacks, Los Angeles billionaire Ronald Burkle and Barnes & Noble Chairman Leonard Riggio are expected to face off Tuesday in the next chapter of a prolonged battle over the world's largest bookseller. On one side is Burkle, 57, who made his fortune in supermarket chains and has been rapidly accumulating Barnes & Noble stock since late last year, raising the prospect that he is seeking control of the company. On the defensive is Riggio, 69, who grew Barnes & Noble from a single store in 1971 to the 1,350-outlet behemoth it is today, one that critics have blamed for the demise of small, independent bookstores.
April 14, 2011 |
Anaheim's effort to bring a third NBA team to Southern California reached its latest peak Thursday, as the Sacramento Kings' owners explained their interest in making Honda Center their new home and the city's mayor expressed his enthusiasm to Commissioner David Stern in New York. Kings owners Joe and Gavin Maloof were joined by siblings George and Phil in making a 90-minute proposal to the NBA's Board of Governors' relocation committee about the benefits of a new home in Orange County.
March 18, 2010 |
Book giant Barnes & Noble Inc. announced a major shakeup of its top management Thursday, saying it was replacing Chief Executive Steve Riggio with the head of its online division. William Lynch, 39, joined the New York company in February 2009 as president of its website, Barnes & Noble.com. He succeeds Riggio, who had been chief executive of the company since 2002 and is the younger brother of company Chairman Leonard Riggio. The move comes at a difficult time for Barnes & Noble.
November 18, 2007 |
It's high season for politics in Hollywood, with the presidential primaries just weeks away, and that means the glitterati are engaged in their favorite recreational drama: political fundraising at the homes of the rich and famous. There are so many events these days, you need a closet full of pressed suits, a detailed knowledge of Beverly Hills' winding canyon roads and enough money to cover the campaign donations ($2,300 a pop). From the outside, it may look like pay-per-view politics, but you must be on some serious person's serious guest list to get a seat at these soirees.
February 20, 2008 |
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.
August 13, 2012 |
Avenue Capital, a New York hedge fund whose holdings include the parent company of the National Enquirer, is now the leading bidder for Variety. A late entrant in the sales process being run by Variety corporate parent Reed Elsevier, Avenue had bid more than $40 million, according to a person close to the process who was not authorized to speak publicly. Avenue invests primarily in "distressed and undervalued assets," according to its website, and has $12 billion worth of holdings.
May 7, 2012 |
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.