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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Bella Terra Gets New Ownership

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

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Johnny Rockets Plans 100 Units in China

Aliso Viejo-based Johnny Rockets has signed a deal to franchise 100 restaurants in China over the next 10 years, with the first set to open next year in either Shanghai or Beijing.

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U.K. Investor Puts $14.8M in Habit

Irvine-based Habit Restaurants Inc. said in a regulatory filing March 24 that Boston-based Numeric Investors LLC, an affiliate of London-based Man Group Plc, bought about 477,000 shares of the burger chain’s Class A common stock.

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Partner Ups Stake in Buena Park Place

Coventry Real Estate Advisors has transferred its majority ownership share of Buena Park Place to DDR Corp. in Beachwood, Ohio, its former joint venture partner.

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Most OC-Based Auto Brands Beat National Sales Pace in March

All but one Orange County-based automaker beat the relatively flat national sales pace for new vehicles in March, according to New Jersey-based market researcher Autodata Corp.

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Judge Approves Sale of Wet Seal

U.S. Bankruptcy Court Judge Christopher S. Sontchi today in Delaware approved the sale of Wet Seal Inc. to private equity firm Mador Lending LLC.

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Taco Bell Japan to Open

Irvine-based Taco Bell Corp. has set an April 21 opening for its first restaurant in Japan under a franchising deal with Tokyo-based Asrapport Dining Co. Ltd., according to the Wall Street Journal.

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Mooney Out, McKnight Back to Quiksilver Chair

Quiksilver Inc. shares were down 12% to $1.95 and a market value of about $330 million in midday trading Friday as the news spread of the shakeup in the company’s top echelons.

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Ruby’s Founder Steps Back

Doug Cavanaugh has stepped back from day-to-day operations at Irvine-based Ruby Restaurant Group, the retro burger chain he founded 33 years ago.

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PacSun Results Up, Shares Down

Pacific Sunwear of California Inc. beat analysts’ expectations for the fourth quarter, which ended Jan. 31, before its stock fell about 2% to $2.82 and a market value of about $195 million in midday trading Thursday

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Kia to Sell Soul EV Beyond California

Irvine-based Kia Motors America Inc. will start selling its Soul EV in Georgia, Texas, Oregon, Washington and Hawaii, a move that comes a few months after the launch of the electric vehicle in California.

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Auto Dealer Sales Up in 2014

Automotive dealers in Orange County combined for $11 billion in sales last year, a 10% increase over 2013, according to the Newport Beach-based Orange County Automobile Dealers Association’s 2014 Economic Impact Report.

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Taco Bell Considers Design, Delivery

Irvine-based Taco Bell Corp. said it plans to test new store designs as well as food delivery, according to trade journal Nation’s Restaurant News.

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Levy Invests $120M in Del Taco

A group led by Chicago restaurateur Larry Levy has invested $120 million in Lake Forest-based Del Taco Holdings Inc., the first step in its previously announced acquisition of the fast food chain.

How Laguna Beach Adds Up

HOSPITALITY: Music festival, trolley add to eclectic approach

The eyes of the global hospitality industry were drawn to a big splash in Laguna Beach earlier this year, when the $360 million sale of the Montage Hotel put the value of the city’s premier commercial property at about $1.4 million per room, on par with the Waldorf Astoria in Manhattan.