Orange County Business Journal

APPAREL / RETAIL

Recent and archived news stories on: Action Sports, Autos, Clothing, Cosmetics, Malls, Online Shopping, Stores/Retailers, Surf/Sportswear...

Johnny Rockets in Transition

Homemade Pickle With That Jukebox App?This time they mean it. Johnny Rockets Group Inc. will change the look and feel and food of the burger chain systemwide with alterations to all aspects of its operations, from color scheme and design to the pickles on its burgers.

By Paul Hughes March 13, 2017 midnight   $$ Share
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Puzder to Leave CKE

CKE Restaurant Holdings Inc. Chief Executive Andrew Puzder will step down from his post next month and be replaced by Jason Marker, who most recently led U.S. operations for KFC Corp.

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Irvine Firm Buys in Munich

Advantage Smollan Ltd. in London—a holding company Irvine-based Advantage Solutions set up in 2015 with Smollan Group in Johannesburg—plans to acquire Combera Group GmbH in Munich on undisclosed terms.

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Kelley Blue Book Expands Overseas

Kelley Blue Book in Irvine launched vehicle pricing and valuation website KBB.PT in Portugal that it plans to adapt to other international markets.

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Restaurant Co. Buys 38 Wendy’s

Cotti Foods Corp. in Rancho Santa Margarita bought 38 Wendy’s International Inc. franchises in Kansas, Oklahoma and Texas, a news report said.

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Tilly’s Report Mixed; Shares Down

Irvine-based Tilly’s Inc. beat Wall Street expectations on revenue and earnings for the January quarter, but its shares fell about 11% to $8.80 on a downbeat forecast for the current quarter.

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El Pollo Loco’s Sather to Retire

El Pollo Loco Holdings Inc. president and Chief Executive Steve Sather plans to retire by year-end, the company said on Thursday.

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New Corporate Name for Quiksilver

Quiksilver Inc. in Huntington Beach changed its corporate name to Boardriders Inc. today.

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Del Taco Adds in Fla., Ga.

Del Taco Restaurants Inc. in Lake Forest said franchisees would open 10 restaurants in West Palm Beach County, Fla., a new market for the fast food chain, and six in Georgia, over the next several years.

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Harbor Audit Asks Money Questions

An audit of some services provided by an outside operator at Dana Point Harbor couldn’t validate the firm’s reported gross receipts at the facility and said its “rent payments are not calculated or reported in accordance with lease agreements” the operator has with the County of Orange, which owns the harbor, the county auditor said in a report.

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January Unemployment Up

OC’s unadjusted unemployment rate rose to 3.9% in January from revised 3.5% in December and below the 4.1% reported in the same period last year, the state Employment Development Department said.

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Boston Buyer for Wet Seal IP

Gordon Brothers Brands LLC in Boston, a 114-year-old restructuring and investment firm, bought the Wet Seal name and other intellectual property for $3 million during a March 2 auction, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.

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Habit Up on Q4, Full-Year

Shares in Habit Restaurants Inc. in Irvine were up more than 10% in Friday trading to a market cap of about $475 million on its quarterly and full-year report, issued after markets closed Thursday.

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February Mixed for OC Automakers

Three of the four largest Orange County-based automakers exceeded the national sales pace for new vehicles in February, according to New Jersey-based market researcher Autodata Corp.

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True Drinks Raises $3.6M

True Drinks Holdings Inc. in Irvine raised $3.6 million in equity backing, the company and regulatory filings said.

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Canada Company Wants Wet Seal IP

The YM Inc. Group of Cos. in Toronto posted a $1.5 million stalking-horse bid for Wet Seal LLC’s intellectual property, according to documents filed today in the United States Bankruptcy Court for the District of Delaware.