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Wet Seal Inc. said it is closing 338 stores and laying off 3,695 full and part-time employees “after assessing its overall financial condition” and failing “to successfully negotiate meaningful concessions from its landlords.”
An Orange County investor has taken “a significant minority stake” in a fast-casual restaurant chain based in the Silicon Valley, a spokesperson for the investor said.
Kia Motors America Inc. in Irvine surpassed the national pace of sales of new vehicles in December, scoring the biggest percentage gain among Orange County-based auto brands.
The Irvine Marriott is set to be one of the hotel chain’s first two sites to cultivate a new restaurant idea under a program for chef-entrepreneurs, Bethesda, Md.-based Marriott International Inc. said.
Market Cap Near $800M After El Pollo Loco Leaves ‘No Stone Unturned’
El Pollo Loco Holdings Inc. President and Chief Executive Steve Sather is our Business Person of the Year for restaurants—but it took nearly a decade to pull it off.
Larry Cano Left Stamp On Ever-Dynamic Food Scene
We recently lost Larry Cano, a true icon not only in Orange County dining but a major player in introducing America to sit-down Mexican dining and cuisine at a sophistication level way above the familiar taco genre.
Armada Skis Inc. is moving its headquarters from Costa Mesa to Park City, according to the Utah governor’s Office of Economic Development.
Private equity firm Altamont Capital Partners in Palo Alto said it’s made a strategic investment in Cypress-based Hybrid Apparel.
Is the outlook for business in Orange County hot or strong?
Sanuk USA LLC founder Jeff Kelley said he will “transition from an active role” at the Irvine-based footwear brand by the end of the year.
Wet Seal Inc. said it amended its loan terms with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.
Jeff Kelley, founder of Sanuk USA LLC, said he will “transition from an active role” at the Irvine-based footwear brand by the end of the year.
Wet Seal Inc. said it amended its contract with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.
Brand Affinity Technologies Inc. has hired Irvine-based GlassRatner Advisory & Capital Group LLC to find potential bidders to acquire the cash-depleted advertising and social media company, according to a filing in bankruptcy court.
Asics America Corp. in Irvine has moved its headquarters 3 miles northwest to a campus at Lakeview Business Center that’s tailored to the recent trend toward creative office space.