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.
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.
January 14, 2011 |
Teen clothing chain Anchor Blue Inc. has filed for bankruptcy again and will close all 117 stores, most of them in California. The Corona chain began holding a going-out-of-business sale late last week, with markdowns of 40% to 60%, according to firms that have been hired to run the liquidation. The sale will continue until all merchandise is sold. Founded four decades ago as Miller's Outpost, the chain specialized in selling jeans, casual wear and accessories. By 1989 the popular family-oriented apparel chain had expanded to more than 300 stores in California, Arizona, Nevada, New Mexico and other states.
July 28, 2013 |
When online eyewear purveyor Warby Parker launched its website in February 2010, the goal was simple: to leverage the power of the Web to offer designer-quality eyewear at less than $100 directly to the masses. Three years later, Warby Parker has sold an estimated half a million pairs of prescription glasses and non-prescription sunnies, attracted an all-star roster of style-savvy investors (J. Crew Chief Executive Millard "Mickey" Drexler and Kate Spade co-founder Andy Spade among them)
HOME & GARDEN
September 4, 2010
On the Art Deco trail At home or on the road, collector John Thomas is always on the lookout for the next Art Deco find. Some of his favorite treasure-hunting haunts are: The Vintage Collective, 2212 E. 4th St., Long Beach, (562) 433-8699; http://www.thevintagecollective.com Off the Wall Antiques, 7325 Melrose Ave., Los Angeles, (323) 930-1185, http://www.offthewallantiques.com Thanks for the Memories, 8319 Melrose Ave., Los Angeles, (323) 852-9407, http://www.