GoldGilt’s $1.2B cash injection means it’s in ‘good shape’

GoldGilts’ $1,2 billion cash injection into its retail business means it is in “good shape,” its chief executive said on Tuesday, adding that the company’s new $9 billion facility will make it one of the top-performing in the industry.“We’ve done it.We’ve achieved it,” Gilt’s chairman and chief executive, James Green, told reporters.The company is expected …

L.A. burger company says it will shutter amid ‘lack of demand’

L.D.G.R.T. is the name of the local restaurant chain.It will close its doors on Dec. 31 after more than four decades of business.“Our business is on the decline,” said L.L. Bean, the company that runs the chain in L.T., according to the Los Angeles Times.“We need to focus our attention on our customers and on …