Los Angeles Business Journal

LABJ WEEKLY EDITION

Multilevel Marketing Makeover?

Herbalife Ltd.’s $200 million settlement with the Federal Trade Commission will mean a rethinking of how it conducts operations, but reimagining a $6 billion company’s business model is no easy task.

Business Journal sorts through the good and bad news in Herbalife’s $200 million FTC settlement.

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Co-Working Space Still Campaigns for Ad Firms

REAL ESTATE: El Camp’s founder Eric Johnson sees strength in sector focus.

Founder of co-working space El Camp still sees ad industry focus as a plus.

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New FAA Guidance May Lift Drone Companies

New FAA Guidance May Lift Drone Companies

New federal rules on commercial use could help sales take off for drone maker AeroVironment.

Virtual Monster Hunters Big Game for Businesses

INTERNET: Mall, battleship museum among courters of Pokémon Go pedestrians.

Some businesses are seeing real boosts in customer traffic from hunters of Pokémon Go’s virtual beasts.

Research Business Hopes to Ring Up Responses

SURVEY: Reconnect touts misdialed calls as chance to accurately poll public.

As election season heats up, opinion polls are on everyone’s mind.

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Lawmakers Question Support for Infrastructure

POLITICS: Group alleges SoCal projects not getting share of federal grants.

A group of local lawmakers is demanding to know why the U.S. Department of Transportation has denied freight and road grants to several Southern California projects, including two at the Port of Long Beach.

Online Razor Service Proves Cut Above as $1 Billion Acquisition

The acquisition of Dollar Shave Club by Unilever for $1 billion in cash gave the London-based consumer goods giant its first razor business.

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Calendar of events

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Upcoming conventions

Playa Vista Office Acquisition Sets Record High

SALE: Tech influx helped drive up Playa Jefferson’s price tag to $165 million.

Playa Jefferson has sold for $165 million, or $843 a square foot, making it Playa Vista’s priciest office sale, according to sources familiar with the deal.

Different Directions

The profitability of publicly held real estate companies and Dollar Shave Club’s $1 billion exit are all part of the story of the strength of the local economy.

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At Home

TECHNOLOGY: Vet execs give guidance to furniture-buying app.

Veteran CEOs are helping design app Homee reshape the furniture-buying business.

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Good Magazine Hopes to Do Well With Revamp

MEDIA: New editor-in-chief’s makeover includes price hike.

Good magazine sees a refocus on editorial content as the best way to revive the publication’s circulation.

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Oh, Boy! Smut Suit Hits Snapchat

INTERNET: Class action filed on behalf of 14-year-old user.

Attorney looks to send a lasting message to Snapchat with a decency lawsuit filed on behalf of a boy.

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Spirited Offer Draws Ad Execs

Duo pours themselves into developing unique take on Absolut Co.’s Our/Vodka.

Steven Ocheltree and Tyler Simmons seek to bottle L.A.’s spirit with their venture for Our/Vodka.

Cake Figurines Find Sweet Spot

Swirly Celebrations crafts custom characters to cover range of wedding parties.

Swirly Celebrations positions its cake figurines as a top attraction for weddings.

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Holiday a Workday for CEO

Smart & Final Stores Inc. Chief Executive Dave Hirz marked the Fourth of July making rotisserie chicken. His culinary endeavors weren’t, however, part of a family cookout.

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A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

DINING: Restaurant Week has goal to feed business for participating eateries.

Local eateries hope profits will be on the menu during Dine L.A. Restaurant Week, which helps restaurants entice customers with special menus that will take smaller bites out of their wallets.

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Founder: Boutique Chain Undone by Legal Ties

RETAIL: Ross Fraser goes after former representation for collapse of his Kitson.

Kitson founder Fraser Ross says his former lawyers and chain’s ex-CEO busted his business and cost him millions.

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Hyperloop on Wrong Track?

Departed executives allege Hyperloop One working in leadership vacuum.

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Video-Game Firm Has Score to Settle Over Mods

ENTERTAINMENT: Suit by Blizzard says product hacks cost millions in revenue.

Video-game company Blizzard looks to play rough with developers of hacking mods.

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3-D Printers Could Shape Future for Toymaker

MANUFACTURING: Mattel pitches pricey device for use at home by children.

Toy giant Mattel makes a play for creative kids with pricey 3-D printers to be used at home.

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Trucking Firms Suspect Amnesty Won’t Deliver

SHIPPING: Employers in drive classification fight give state program a pass.

Trucking firms facing fines over driver misclassification are steering clear of an amnesty program.

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Maker of Body Cameras Sought Lift From LAPD

TECHNOLOGY: Wolfcom says selection process hurt shot at big business boost.

Wolfcom had hoped to nab the LAPD body camera contract for an image and business boost.

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Best-Of Edition Ranks as Magazine’s Top Seller

PUBLISHING: Los Angeles hits annual sales high with curious category salutes.

Swimsuits – and ranked lists – sell magazines.

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Streaming Service Takes Break on Traditional Ads

INTERNET: Crackle to run fixed-time commercials with show-related content.

Crackle, a multiplatform streaming service from Sony Entertainment, has implemented a new advertising model designed to keep viewers more engaged during commercials.