January 4, 1991 |
Tucked away in the basement-level shopping arcade of the Beverly Hills Hotel is Amir, a tiny men's store whose motto is "understated elegance." Maybe, but don't confuse understated with underpriced. At this store, owned by a single-named, 35-year-old, Iranian-born former fashion model, private-label tuxedos start at $2,600, leather jackets at $4,500. And a vicuna sports jacket sells for $40,000--a price tag sure to make some customers reconsider before reaching for their Platinum Card.
March 3, 1992 |
The first sex shop in Russian history opened to the public on Monday--only, please, its management insisted, don't call it a sex shop. "We call it 'an intimacy salon,' " director Alla Burashnikova said as she sat primly in a corner watching deeply interested Russians examine glow-in-the-dark condoms, an inflatable woman and six sets of shelves holding probably the broadest array of sexual devices ever gathered in one public place on Russian soil. "We propagandize health," Burashnikova said.
July 31, 2010 |
The gig: As founder and chief executive of Forever 21 Inc., Do Won "Don" Chang oversees one of the world's fastest-growing fashion retailers, with 457 stores in 15 countries. From his office near downtown Los Angeles, he oversees an army of more than 20,000 employees ringing up sales of the season's trendiest designs from Chiba (Japan) to Chico (Calif.). Chock full o'clothes: Growing up in South Korea, Chang worked in coffee shops. So when he emigrated to California in 1981 at age 18, he figured hot joe would be his ticket to the American dream.
September 10, 2013 |
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.
April 29, 2010 |
The long-troubled Koo Koo Roo restaurant chain planned to close 10 of its last 13 locations Wednesday night, its parent company said. The stores are being closed as part of a bankruptcy reorganization announced last week by Magic Brands, the Austin, Texas, company that now owns Koo Koo Roo along with the Fuddruckers hamburger chain. Dwayne Chambers, senior vice president for marketing of Magic Brands, said the chain will continue to operate three of its stores, those in Santa Monica, West Hollywood, and the Larchmont neighborhood of L.A..
November 6, 2013 |
Work is underway on an $80-million shopping and dining complex in El Segundo that its owners hope will become a meeting place for South Bay families and workers. The center, to be called the Point, is being built at the northeast corner of Sepulveda Boulevard and Rosecrans Avenue. It is being built by Federal Realty Investment Trust, which also owns the Plaza El Segundo shopping center next door. The Point is intended to complement Plaza El Segundo, which houses large retailers such as Best Buy, Whole Foods Market and Dick's Sporting Goods.