Also
* Federated Department Stores Inc. agreed to sell some Fingerhut Internet and catalog assets to a company led by the unit’s former chief executive, Theodore Deikel. Terms were not disclosed.
* Procter & Gamble Co. will spend $50 million to introduce a vanilla-and-cinnamon Crest toothpaste that will be marketed specifically for women.
* Yum Brands Inc. formed a joint venture agreement with Hong Kong-based Favorite Restaurants Group to test Asian food in a fast-casual restaurant format. The restaurants, the first to open in San Francisco, will be called Yan Can after Martin Yan’s TV cooking show, “Yan Can Cook.”
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.