Orange County Business Journal

APPAREL / RETAIL

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

San Clemente-based Stance Inc. has signed a licensing agreement to become the official sock brand for the National Basketball Association.

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Del Taco Buyer Ticker Changes

The company that plans to buy Lake Forest-based Del Taco Holdings Inc. changed its Nasdaq markets ticker symbol Tuesday morning to “TACO.”

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Mitsubishi Motors Taps Ally on Finance

Mitsubishi Motors North America Inc. in Cypress said it will fold its in-house financing arm, Mitsubishi Motors Credit of America Inc., and rely on Detroit-based Ally Financial Inc. as its “preferred financing source.”

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Taco Bell Revenue Up

The parent company of Irvine-based Taco Bell Corp. said new store openings and same-store sales increases boosted the Mexican-themed fast food chain’s revenue by 9% in the first quarter of this year.

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Kia's Georgia Facility Back Online After Shooting

A Kia Motors America Inc. manufacturing plant in Georgia is back online this morning after an employee there shot a co-worker in the leg Tuesday.

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Incipio Inks Luggage Co. Deal

Incipio Technologies Inc. said it signed a multiyear licensing deal with Tumi Holdings Inc. to design, manufacture and distribute a range of premium mobile device accessories for the South Plainfield, N.J.-based luggage maker.

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Correction & Clarification: Thomas in Charge at Wet Seal

Chief Executive Ed Thomas remains in charge of The Wet Seal, LLC in Foothill Ranch, along with interim Chief Financial Officer Thomas Hillebrandt.

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Tilly’s CFO to Depart

Tilly’s Inc. said it has started a search for a new chief financial officer, to replace Jennifer Ehrhardt, who is leaving in June to “pursue other professional interests.”

Yokohama’s Push for Social Good, Playgrounds

Partners With Nonprofit, Plans Campaigns

Yokohama Tire Corp. said it has expanded its relationship with KaBoom!, a national nonprofit that has opened or improved nearly 16,000 playgrounds since its inception in 1996.

Share Sale Cuts Top Habit Owner’s 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 was expected to trim its holdings to less than a majority stake through a secondary share offering.

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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.