Andrew Foerch

Staff Reporter (Retail, Nonprofits)

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

Recent Stories

Woodbridge’s Shapiro Sentenced for $1.3 Billion Ponzi Scheme

Robert Shapiro of Sherman Oaks was sentenced Tuesday to 25 years in prison after pleading guilty to conspiracy and tax evasion charges related to his orchestration of a $1.3 billion investment fraud scheme.

Cal Lutheran President to Step Down

California Lutheran University President Chris Kimball announced he will step down at the end of the academic year.

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Liberman Broadcasting Emerges from Chapter 11

Spanish-language broadcasting company LBI Media has completed its reorganization plan and emerged from Chapter 11 protection.

Vape Insurance Looking Risky

FINANCE: Industry ‘hanging by a thread,’ says agency owner.

FINANCE: Industry ‘hanging by a thread,’ says agency owner.

All-Year Costumers

RETAIL: Halloween stores learn to follow the holidays to stay open during the offseason.

Coffee Perks Up Sales at The Airport

Hollywood-Burbank deal may yield 10 percent growth.

Hollywood-Burbank deal may yield 10 percent growth.

Marketing Study Touts Music Lessons

Guitar Center poll shows kids improve time-management skills.

Guitar Center poll shows kids improve time-management skills.

Hospital Forms Farmers Market For Patients

Healing garden in Encino hosts vendors on Thursdays.

Healing garden in Encino hosts vendors on Thursdays.

Shaq to Bring Big Chicken To Glendale

NBA star to set up fast-casual concept near malls.

NBA star to set up fast-casual concept near malls.

Update: SaddleRidge Fire Threatens Utilities for 233,000 Customers

Southern California Edison has cut off electricity to more than 21,000 customers in the greater L.A. area to prevent further damage from the Saddleridge Fire.

Campy Cable TV Advertiser Michael’s Furniture to Close After 58 Years

Michael’s Furniture Warehouse will close its doors after 58 years.

New Housing Bill May Spur Valley Development

Gov. Gavin Newsom has signed into two law housing bills, one of which may greatly encourage residential development along transit corridors in the San Fernando Valley.

New Princess Ship to Sail from L.A.

Princess Cruises has revealed the sixth and final ship in its royal-class fleet will be named Discovery Princess. It will sail out of the Port of Los Angeles beginning in November 2021.

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Glendale’s Woolworth Building Sells

A mixed-use retail and office property at 201 N. Brand Blvd. in Glendale sold this week for nearly $18.1 million.

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Airgas Workers Strike in Burbank, Ventura

Some employees of Airgas USA are striking today at four of the company’s plants in the Los Angeles area, including locations in Burbank and Ventura.

Thousand Oaks Museum Elects Business-Focused Directors

The California Museum of Art Thousand Oaks has elected two high-profile businesspeople to its board of directors.

Three Tenants to Open at New Northridge Retail Center

Three new tenants have signed leases for The Shops at Symmetry, a 21,273-square-foot retail center adjacent to the Symmetry luxury apartment complex in Northridge.

Forever 21 Announces Potential Closure Locations

Fast-fashion house Forever 21 has announced a list of retail locations at risk to close amidst the company’s Chapter 11 bankruptcy reorganization, including several stores in the Valley.

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Ceramics Plant Closure to End 268 Jobs in Ventura

All 268 employees of the CoorsTek Inc. ceramics manufacturing plant in Ventura will lose their jobs when the plant permanently closes later this month.

Caruso Gives Scholarships to High Schoolers

Glendale residents receive $10,000 each to study music, business.

Glendale residents receive $10,000 each to study music, business.

AROUND THE VALLEYS

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Wells Fargo for Affordability

Money for revitalization aims to boost local homeownership.

Money for revitalization aims to boost local homeownership.

Providence Grants Support 23 Nonprofits

$400,000 for programs to combat domestic violence and aid disabled.

$400,000 for programs to combat domestic violence and aid disabled.

Symphony Shifts Concerts to Grow Audience

New West to perform Masterpiece series in Camarillo for the first time.

New West to perform Masterpiece series in Camarillo for the first time.

Coverage Crisis

INSURANCE: Catastrophic losses make fire policies far more costly and difficult to obtain for property owners.

INSURANCE: Catastrophic losses make fire policies far more costly and difficult to obtain for property owners.

Preview: Burned Once But Not Again

Insurance carriers hike premiums, nix renewals after wildfires.

Shopping Center Opens in Calabasas

Las Virgenes Village Shopping Center is now open at 5727-5789 Las Virgenes Road in Calabasas.

Report: U.S. Latino Population has Eighth Largest GDP

A report from the nonprofit Latino Donor Collaborative found that the total gross domestic product of Latinos in the U.S. in 2017 was $2.3 trillion.

AeroVironment CFO Resigns, Stock Drops

AeroVironment’s Chief Financial Officer Teresa Covington will resign next month to become CFO of an undisclosed private company. The move will become effective Oct. 18.

Sherman Oaks PopCon to Debut at Street Fair

The Sherman Oaks Street Fair this year is launching SOPopCon, a pop culture convention celebrating the Valley’s presence in television, comics and fandom. While there won’t be any tasty waves, organizers hope the event will be, like, totally rad.

Apex Global Expands from Fashion to Cannabis

Apex Global Brands, the apparel licensing company in Sherman Oaks formerly named Cherokee, has partnered with a cannabis company in Florida to enter the CBD market.

Cal Lutheran Launches Cybersecurity Graduate Program

California Lutheran University has launched a graduate degree program in cybersecurity as part of its Master of Science in Information Technology curriculum.

Kretek International Spins Off Subsidiary

Kretek International Inc., a Moorpark-based importer and distributor of tobacco products, announced yesterday the formation of a subsidiary called DRYFT Sciences LLC.

L.A. Mission College Dean Killed

Darlene Montes, the dean of academic affairs at Los Angeles Mission College in Sylmar, was killed Monday morning at her home at Rancho Cucamonga. She was 49.

Former Manager of CBS Credit Union Sentenced

Edward Rostohar, 62, of Studio City, has been sentenced to 14 years and one month in federal prison for his involvement in a 20-year embezzlement in which investigators said he stole an estimated $25 million from the now-defunct CBS Employees Federal Credit Union, the Los Angeles Times reported today.

SCALED-UP SECURITY

Want to practice an active shooter scenario? Come to Moorpark.

Training: Covered 6 unveils facility in Moorpark to practice for active shooter, medical emergency scenarios.

Around The Valleys

News and notes from the greater San Fernando Valley

News and notes from the greater San Fernando Valley

Apex Deals for Tony Hawk

Star Ride Kids agreement to ‘drive product category expansion.’

Star Ride Kids agreement to ‘drive product category expansion.’

Pacoima Bakery Buys ‘Parallel Company’

Global Bakeries cites synergies in the Van Nuys acquisition.

Global Bakeries cites synergies in the Van Nuys acquisition.

Filipino Flavors Fuel Growth at Crème Caramel

Bakery built business on wholesale, but wants to sell in grocery stores.

Bakery built business on wholesale, but wants to sell in grocery stores.

‘Retail Walks’ to Foster Shop Talk In Santa Clarita

Chamber launches program with elected officials and government staff.

Chamber launches program with elected officials and government staff.

Amazon Grocery Destined for Warner Center?

The former Toys-R-Us location at 6245 Topanga Canyon Blvd. in the Warner Center in Woodland Hills is reportedly slated to become an Amazon grocery store.

MUSE Global Announces First Franchise

Education system MUSE Global has announced its first franchise.

Prison for Head of Van Nuys 'Delivery Service' That Distributed Heroin

Sigifredo Gurrola Barrientos of Sylmar was sentenced Monday to nearly 20 years in federal prison for managing “Manny’s Delivery Service,” a drug distribution ring posing as a delivery company in Van Nuys.

Global Bakeries Consolidates With Van Nuys Acquisition

Global Bakeries LLC in Pacoima has acquired Better Baking Co., a manufacturer and distributor of food products in Van Nuys, for an undisclosed amount.

Demolition Underway at Sportsmen’s Lodge

Demolition of the Sportsmen’s Lodge event center in Studio City began last weekend.

CBDfx Finds Marketing Partner for Hemp Products

CBDfx, a hemp-derived CBD company in Chatsworth, has partnered with Emerson Group, a brand marketing organization in Wayne, Pa., to place CBDfx products in retail stores around the country.

Apex Inks Licensing Deals for Tony Hawk Brand

Apex Global Brands announced last week several licensing agreements that will widen the availability of its Tony Hawk clothing brand.

Agency for Sale?

ACQUISITIONS: Valley insurance firms are buying up other agencies as the industry consolidates.

ACQUISITIONS: Valley insurance firms are buying up other agencies as the industry consolidates.

Record Revenues for B. Riley Drive Up Stock

FINANCE: Acquisitions, liquidation of apparel stores contribute to gains.

FINANCE: Acquisitions, liquidation of apparel stores contribute to gains.

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