Andrew Foerch

Staff Reporter (Retail, Nonprofits)

Email: afoerch@sfvbj.com
Phone: 818-316-3130 Extension: 124

Recent Stories

Ontic Secures License for Honeywell Airplane Wipers

Chatsworth-based aerospace manufacturer Ontic has signed a licensing deal with Honeywell to assemble and sell the company’s legacy aircraft windshield wipers.

PCF Insurance in Woodland Hills Acquired

PCF Insurance Services in Woodland Hills has been acquired by HGGC, a middle-market private equity firm in Palo Alto.

Tot Squad Sells Baby Equipment Cleaning Business

Infant services platform Tot Squad in Sherman Oaks has sold its baby equipment cleaning business to BabyQuip, a rental service for baby gear based in the Bay Area.

Marcus & Millichap Acquires Metropolitan Capital Advisors

Marcus & Millichap Inc. has acquired Metropolitan Capital Advisors, a commercial real estate finance intermediary in Dallas.

Shutdown Costs Reagan Library $150,000 a Week in Lost Revenue

The Ronald Reagan Presidential Library and Museum in Simi Valley is trying to shore up donations to compensate for hundreds of thousands of dollars in lost revenue resulting from the COVID-19 outbreak.

California Resources Corp. Considers Strategic Options

Santa Clarita oil and gas company California Resources Corp. said it will “consider all options” to get through the slump in oil prices.

Cheesecake Factory Furloughs 41,000 Employees

Cheesecake Factory Inc. has furloughed about 41,000 hourly restaurant employees and cut executive salaries by 20 percent, according to an SEC filing released Friday by the Calabasas restaurant operator.

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Cheesecake Factory Won't Pay April Rent

Cheesecake Factory Inc. has notified its landlords that it won’t pay rent on April 1 due to financial complications stemming from the coronavirus outbreak.

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Groceries ‘Normalizing’ Again

Grocers in the Valley region are beginning to see a return to regular operations after being hammered in recent weeks by huge crowds and product sellouts prompted by the coronavirus scare.

Layoffs Coming in Hotel, Restaurant Industries

The coronavirus pandemic has curbed travel as people shelter in place, resulting in a nightmarish situation for hotels and their employees.

L.A. County Closes ‘Nonessential’ Businesses

Los Angeles County and city officials released emergency orders to close nonessential businesses and keep residents in their homes to prevent the spread of coronavirus.

Grocery Stores, Pharmacies Adjust to Coronavirus Boom

While most of the Valley region’s retail sector has temporarily shut down amid the coronavirus outbreak, grocery stores are busier than ever as throngs of shoppers stock up in preparation for days or weeks spent at home in self-quarantine.

L.A. Restricts Restaurants, Retailers to Control Coronavirus

L.A. Mayor Eric Garcetti has mandated temporary restrictions for retail businesses within the City of Los Angeles to help prevent the spread of coronavirus.

Artkive’s Indirect Path to Growth

Photobook printer adjusts model to find profitability.

Artkive prints hardcover scrapbooks of user-submitted photos.

Amazon, Partners Enter Palmdale

E-tailer to stand up Antelope Valley warehouse.

The world’s biggest online retailer is establishing a distribution presence in the Antelope Valley.

Chatsworth Beauty Supply Maker Acquired

Beauty products manufacturer Cosmetic Laboratories of America has been acquired by Knowlton Development Corp. in Quebec, also a maker of cosmetic and personal care supplies.

California Credit Union Enters Orange County

Glendale-based California Credit Union has expanded into Orange County with a new branch in Santa Ana.

Burgerim’s Breakdown

RESTAURANTS: Chain leaves franchisees ‘in a lurch’ amid restructuring campaign.

Burgerim tries to restructure after corporate collapse.

Design Gift For CSUN

Software firm Autodesk’s $1 million backs project.

California State University – Northridge announced it will create a Center for Integrated Design and Advanced Manufacturing

‘Far Too Many Clients on the Wrong End of These PAGA Claims’

Law Special Report

Brian Koegle’s specialty focuses on statutory and case law at both the state and federal courts on employment codes.

Realtors Foundation Gives Locally

Recipients include food banks, Boys & Girls Club.

The Conejo Simi Moorpark Association of Realtors has announced that its public benefit foundation gave $30,000 to local charities and high school students in 2019.

Money Tactics Turn Around MEND

Nonprofit reorganizes finances, eliminates debt.

Bottom-line focus makes MEND sustainable.

‘It’s Tantamount to Legal Extortion’

Law Special Report

Jamie Stein specializes in employment law.

Amazon to Set Up Delivery Center in Palmdale

Amazon.com Inc. has announced it will open a Delivery Services Partners center in Palmdale before the end of this year.

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Updated Promenade 2035 Plan Features Smaller Stadium, Affordable Housing

Unibail-Rodamco-Westfield has amended its plans for the Promenade 2035 project, which aims to overhaul the Woodland Hills shopping mall into a 34-acre mixed-use center featuring street-side retail stores and restaurants as well as apartments, hotels and an entertainment stadium.

Gaspar Insurance Opens Simi Valley Office

Woodland Hills-based Gaspar Insurance Services has opened new offices in Simi Valley

Teleperformance Closes in Burbank

French outsourcing services company Teleperformance USA-FHCS is shuttering its Burbank office, according to a filing with the California Employment Development Department.

Santa Clarita Business Owners Released from Quarantined Princess Ship

The owners of a Santa Clarita radio station were among hundreds of passengers released this weekend from the quarantined Diamond Princess cruise ship, on which hundreds of cases of the coronavirus have been confirmed.

Boy Scouts’ Board Looks for Diversity

West L.A. Council wants directors to reflect market.

The Boy Scouts of America look to diversify its local governance board and raise presence in greater Valley region.

Hospital Gives to Nonprofits

Grants support ‘continuum of care’ at Valley organizations

Northridge Hospital Medical Center has awarded grants to three Valley nonprofits

Coronavirus Cases on Diamond Princess Climb to 135

Princess Cruises on Monday confirmed an additional 65 people on the quarantined Diamond Princess cruise ship in Yokohama, Japan have tested positive for Coronavirus, bringing the total number of cases onboard to 135.

Princess Ship Quarantined for Coronavirus Outbreak

Princess Cruises has quarantined its Diamond Princess ship in the port of Yokohama, Japan, after Japanese officials found several guests tested positive for Coronavirus.

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Peacock Unveils a Few Details

NBCU platform announces pricing and programming.

NBCUniversal revealed at an investor’s conference last month new information regarding its streaming platform Peacock

‘Strong-Armed’

AUTOMOTIVE: Former owners of Universal City Nissan claim Carlos Ghosn and cronies pushed them out.

Local auto franchisee claims former Nissan chief executive Carlos Ghosn and his cronies forced it to sell dealerships.

Mamba Sports Academy’s Future Uncertain

TRANSITION: What will become of center without partner Kobe Bryant?

What will become of Mamba Sports Academy in Newbury Park without partner Kobe Bryant?

Bold Screen’s BestSelf TV For Women

Ad company gets user data through streaming channel.

Bold Screen Media in Thousand Oaks is bringing short-form women’s lifestyle video content to your big screen TV.

$3.5 Million in VC Pushes U-Nest Ahead

College savings app ramps up in North Hollywood.

College savings app U-Nest gets $3.5 million in venture capital investment.

Viking Expeditions Seek Distant Shores

Ships take small groups to rugged destinations for a higher price.

Viking Cruises launches “Expeditions” division with smaller ships and extreme locations.

Preview: Nissan Accused of Double-Dealing on Car Lot

Did Carlos Ghosn and allies deflate price?

Asgn Acquires Government IT Contractor for $85 Million

Asgn Inc. in Calabasas announced the acquisition of Blackstone Federal, a subsidiary of Blackstone Technology Group that does contract work for the Department of Homeland Security.

Bed Bath & Beyond Announces Closure of 40 Stores

Home goods retailer Bed Bath & Beyond has released a list of 40 store locations across the country that “have already closed or will close in 2020.” The good news for the Valley area: the list includes no local stores other than already-shuttered outlets at 19211 Golden Valley Road in Santa Clarita and 17401 Ventura Blvd. in Encino.

College Savings App Receives VC Investment

College savings app U-Nest has announced an investment of $3.5 million from Northwestern Mutual Future Ventures.

Pier 1 Stores to Close in Northridge, Thousand Oaks

Pier 1 Imports stores in Northridge and Thousand Oaks are among the 450 across the country that will close in the coming months.

Preview: Topanga Makeover

Westfield plans to turn former Sears store into entertainment center.

Velocity Financial Goes Public

Velocity Financial Inc. in Westlake Village went public on the New York Stock Exchange.

Viking Cruises Launches Expeditions Division

Viking Cruises officially unveiled its “Expeditions” division and named two new ships at an event at the Beverly Hilton hotel in Beverly Hills.

GreenPark Sports Partners with 'Legends' Esports League

GreenPark Sports in Calabasas has signed a partnership with League of Legends Championship Series, a professional “League of Legends” organization.

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H2scan Gets $13 Million in Capital

H2scan, a Valencia-based maker of hydrogen sensors, has announced a $13.5 million capital raise from two financers.

Entertainment Partners Buys SyncOnSet

Burbank’s Entertainment Partners, a payroll and software company for the entertainment industry, announced Tuesday that it has acquired SyncOnSet Technologies, another film software company based in Culver City.

Five Point Sells First Homesites at Valencia

Five Point Holdings has sold the first 781 homesites at its new Valencia community formerly known as Newhall Ranch, the company said Monday.

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