Orange County Business Journal


Recent and archived news stories on: Action Sports, Autos, Clothing, Cosmetics, Malls, Online Shopping, Stores/Retailers, Surf/Sportswear...
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Irvine Restaurant Group Plans 12 OC Franchises

Irvine-based American Restaurant Holdings Inc. said it signed an Orange County franchisee for Muscle Maker Grill, the restaurant chain in Colonia, N.J. that an affiliate acquired in January.

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Wet Seal Sale Final

Mador Lending LLC completed the acquisition of Wet Seal Inc., the affiliate of Philadelphia-based Versa Capital Management LLC announced Wednesday.

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Del Taco Plans Debt Pare Down, TACO Ticker

Lake Forest-based Del Taco Holdings Inc. would cut its debt by $139 million—or more than 40%—if its acquisition by Chicago-based Levy Acquisition Corp. closes as planned in June, according to documents filed with the U.S. Securities and Exchange Commission.

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Cajun Fusion Chain to Enter OC

Houston-based La. Crawfish said a franchisee plans to open the chain’s first restaurant in Orange County, in Anaheim, and that the company is negotiating with a Los Angeles-based restaurant operator for an area development deal to cover the rest of OC and L.A.

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Habit Top Shareholder Trims Stake

The private equity firm that has controlled Irvine-based Habit Restaurants Inc. since leading an investor group in a 2007 buyout of the fast-casual burger chain is expected to trim its holdings to less than a majority stake through a secondary share offering that’s set to close tomorrow, the company and news reports said.

Signs of Fresh Start for Fisker

AUTOS: Company circles April 20 amid buzz about new name, model

It appears April 20 will mark another milestone in the tumultuous run of the Fisker brand.

How to Unchain Your Dragon

Apparel Maker’s Ambitions Tied to Costa Mesa HQ, China Production

Dragon Crowd Garment Inc. relocated its headquarters three years ago from downtown Los Angeles to Costa Mesa to be closer to a bunch of OC-based customers, including Oakley Inc., Vans Inc., Quiksilver Inc. and Pacific Sunwear of California Inc.

Aitken on Angels; Segerstom Memorial; OC-China Update

Anyone who doubts Wylie Aitken’s will probably hasn’t seen him in a court of law.

Irvine Firm Buys 35 Pilates Studios

Irvine-based LAG Fit Inc. acquired Club Pilates, a franchised chain of 35 Pilates studios in the U.S. and Australia.

New Executives at Top for Kia Motors

Kia Motors America Inc. in Irvine named Jang Won Sohn president and chief executive to replace Byung Mo Ahn, who will become a company adviser.

Bella Terra Gets New Ownership

Prudential Real Estate Investors said it acquired a 75% stake in the Bella Terra Shopping Center in Huntington Beach.

Autobytel Brings ‘Digital Concierge’ to Scion Website

Has Stake in Firm That Developed Technology

Online car shopping does not have to be a solitary experience, according to folks at Autobytel Inc.

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Irvine Firm Buys 35 Pilates Studios

Irvine-based LAG Fit Inc. has acquired a franchised chain of 35 pilates studios in the U.S. and Australia from a competitor in Del Mar.

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New Execs for Kia

Kia Motors America Inc. in Irvine has named Jang Won Sohn president and chief executive to replace Byung Mo Ahn, who will become a company advisor.

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Habit Sets $175M Share Sale

Irvine-based Habit Restaurants Inc. said it would offer up to 5.75 million shares of its Class A common stock owned by various stockholders, including some officers and directors, for sale beginning April 10 and expected to close April 15.