Cuts at Headquarters Meant to Fuel Growth
Vizio Inc. has downsized its Irvine operation and is in jeopardy of losing its long-held No. 2 position in flat-panel TV sales in North America.
Home Savings scion quickened arts pace 2017 … showings, OC; gallery planned LA … art a passion of late father, wife Roberta … new digs could work for another focus: salons … ‘conversations on culture’ says one
Year-over-year John Wayne Airport passenger traffic was up 5% in April to 894,000 on about 3,775 commercial flights, up 4.4%.
Anaheim-based retail chain Pacific Sunwear of California is reported to be in talks with Bellevue, Wash.-based sports retailer Eddie Bauer to consolidate their businesses, according to Reuters.
A seven-building office complex in Orange near MainPlace Mall in Santa Ana has been proposed as the site of a large residential complex featuring rental units and for-sale homes.
Her grandfather incorporated Irvine Ranch … fortune from Irvine family inheritance, sale in Irvine Co. stake … has backed education, health initiatives, related work … gave Irvine Museum Collection to UCI 2016 … equestrian, rancher … sold horse farm in 2011 for $20M … born 1933; shares given name with late mother, Athalie Anita … father died when she was 2 … three sons
Walt Disney Co. said Star Wars: Galaxy’s Edge will open at Disneyland Resort in summer 2019; the Walt Disney World iteration will follow in late fall.
Visit Anaheim Chief Executive Jay Burress today in Denver led a live-streamed, kick-off to promote a 2019 tradeshow expected to bring about 6,000 travel industry attendees to Anaheim and Orange County.
Newport Beach-based DPW Holdings Inc. (NYSE American: DPW) said subsidiary Coolisys Technologies Inc. bought Enertec Systems 2001 Ltd. of Israel for $4.8 million.
Real Mex Restaurants Inc.’s owners seek to sell the chain and have hired investment bank Piper Jaffray to unearth a buyer, according to Bloomberg. The chain’s second bankruptcy filing in seven years could precede a transaction, the report said.
REAL ESTATE: Vivante senior homes on table for NB
Plans are under way to build a high-end senior living facility on the site of Orange County Museum of Art in Newport Beach, where the museum has been since the late 1970s.
Led Allergan through prevention of hostile takeover, sold to Actavis PLC, now Allergan PLC … $543M payout … focus on giving … SJC foundation backs glaucoma treatment training, education, builds eye clinics in developing nations … advisory boards, exec roles eyecare nonprofits … chair, Bioniz Therapeutics, Irvine, where with Joe Kiani led $13M funding 2016 … mountaineer … Business Journal OC’s Wealthiest, $275M
Mitsubishi Electric US Inc. in Cypress named Mike Corbo to the newly created position of chief operating officer.
Now Charlie Zhang Pursues His Dream
Charlie Zhang built his fortune in the restaurant business when he started fast-casual chain Pick Up Stix in 1989 in Rancho Santa Margarita—growing to 100 locations, then selling it in 2001 to TGI Friday’s owner Carlson Restaurants Worldwide for $50 million.