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Godiva to Shutter or Sell All Stores

The closure includes locations at the Glendale Galleria, Camarillo Premium Outlets and Westfield Topanga mall in Woodland Hills.

SRAX Reconstitutes Microcap Index

SRAX Inc. has reconstituted its LD Micro Index, a fund comprising nearly 1,200 microcap companies in the U.S. and Canada.

Toy Industry’s Pandemic Boom

Disney, MGA benefit from stay-at-home spending.

Toy sales in the U.S. grew 16 percent last year to $25.1 billion, according to a January report from New York research company The NPD Group.

Universal Studios to Reopen Shops, Restaurants as State Loosens Theme Park Guidelines

Universal Studios Hollywood theme park will reopen shops and restaurants on weekends at its Universal City campus beginning March 12, while state regulations promise the reopening of all theme parks at limited capacity as soon as April 1.

Avery Dennison to Acquire Label Maker

Label and packaging materials maker Avery Dennison Corp. has announced it will buy a similar company headquartered in Tennessee.

State Sparks a Hotelier Exit

HOSPITALITY: Project Homekey buys properties in downturn.

Local governments have purchased at least eight hotels in the San Fernando Valley and Ventura County for conversion into permanent homeless shelters through the state’s Project Homekey initiative.

Insomniac Games Plays into Sony’s PS5 Launch

Console marketing features ‘Miles Morales,’ ‘Rift.’

Video games made by a Burbank development studio played a central role in the launch of Sony Corp.’s next-generation PlayStation 5 console.

Farmers Insurance Buys MetLife Auto & Home

A subsidiary of insurance carrier Farmers Group Inc. will acquire MetLife Auto & Home, the property and casualty division of MetLife Inc.

Theme Park Stores Open

Disney and Universal resume shopping, dining.

NBCUniversal’s Universal Studios Hollywood and Walt Disney Co.’s California Adventure theme parks are reopening shops and restaurants as state regulations promise the reopening of all theme parks at limited capacity as soon as April 1.

Paper Analyzes COVID for K-12

SynED publishes takeaways for higher education sector.

Thousand Oaks educational nonprofit SynED earlier this month published a report detailing insights from academics regarding the long-term impacts of the pandemic on teaching and learning.

AROUND THE VALLEYS

AROUND THE VALLEYS

AROUND THE VALLEYS

Skateland Turns to Homeless Facility

Hope of the Valley to buy the closed rink in Northridge.

The owners of iconic Northridge roller skating rink Skateland have announced they plan to sell the property at 18140 Parthenia St. to homeless services nonprofit Hope of the Valley, which will transform the building into a bridge housing facility.

HYDROGEN HUB

PROFILE: How Mayor R. Rex Parris is luring alternative energy companies to Lancaster.

Hydrogen companies from around the world including SGH2, Hitachi Zosen Inova and Toshiba are setting up shop in Lancaster, hinting at that area’s potential to become a premier alternative energy hub. Creating a welcoming environment for such companies is a motivator driving longtime mayor and career lawyer R. Rex Parris. SGH2 last year signed a deal with the Antelope Valley city to build a first-of-its-kind plant called S2 that will use a NASA-developed method to incinerate the city’s recycled waste to create hydrogen, which could be used to fuel vehicles. In this interview, Parris says it’s “inevitable” that Lancaster will be known as a hydrogen hub and explains why he’s a big believer in alternative energy.

AROUND THE VALLEYS

AROUND THE VALLEYS

AROUND THE VALLEYS

AROUND THE VALLEYS

Avery Dennison Spends $88 Million to Buy ACPO

Avery Dennison Corp. has acquired ACPO Ltd., an Ohio-based manufacturer of pressure-sensitive labels and industrial tapes, for $87.6 million.

Data Firm Goes Public by Reverse Merger

Westlake Village data firm BIGtoken announced it has gone public through a reverse merger with Force Protection Video Equipment Corp., a North Carolina company that sells video and audio equipment to police units.

Encino’s Eco Tech Allegedly Involved in PACE Fraud

Home energy equipment provider Eco Tech in Encino has been barred from participating in the state’s Property Assessed Clean Energy program, or PACE, after the California Department of Financial Protection and Innovation discovered the business had allegedly signing up customers fraudulently for the program.

Disney to Close 60 Retail Stores

Walt Disney Co. will shutter at least 60 of its Disney retail stores in North America this year.

Back to Business for California Resources Corp.

ENERGY: Oil producer drops debt load in Chapter 11.

Oil and gas producer California Resources Corp. has shed about $4.4 billion in debt after trading it for equity during a Chapter 11 financial reorganization, the company announced late last month.