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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.
MARKETING: Niche unit aims to get brands past cultural barriers
Think of Advantage Sales & Marketing LLC’s Hispanic Retail Selling Team as ambassadors for general-market manufacturers looking to secure shelf space at Latino grocery stores in Southern California, Arizona, Texas and New York—with a push into Miami coming soon.
The $4.2 million lien slapped on Freedom Communications and its flagship Register seems to carry extra significance since it came at the request of the L.A. Times, which has a claim pending on bills for past work distributing the OC daily.
Recharge Batteries With St. Bernard Group
Mophie executed a clever social media stunt at the South by Southwest Music Conference and Festival that wrapped up over the weekend in Austin, Texas.
American Restaurant Holdings Inc. in Irvine said an affiliate bought the five Orange County locations of Costa Mesa-based Fresca’s Mexican Grill.
Irvine-based Kia Motors America Inc. has recalled 208,858 of its Soul and Soul EV models due to an issue with the gas pedal, according to the National Highway Traffic Safety Administration.
Members of the Orange County business community celebrated seven winners during a luncheon Wednesday for the Business Journal’s 14th Annual Excellence in Entrepreneurship Awards.
Costa Mesa-based El Pollo Loco Holdings Inc. plans to enter the Dallas market in 2016, part of an expansion plan that calls for growth to a mix of about 40 franchised and company-owned restaurants in Texas over the next several years.
Versa Capital Management LLC in Philadelphia has acquired the remnants of Foothill Ranch-based retail chain Wet Seal Inc., according to a report in the Wall Street Journal.
Shares in Costa Mesa-based El Pollo Loco Holdings Inc. are up about 14% in midday trading to a market cap of $1 billion on positive quarterly and annual numbers delivered after markets closed yesterday.
Chicago-based blank check company Levy Acquisition Corp. plans to buy Lake Forest-based Del Taco Holdings Inc. in a deal that values Del Taco at about $500 million, according to Levy.
At least two Orange County consumer electronics makers will get prime positioning on Amazon.com Inc.’s new marketplace launched today.
Shares in Irvine-based Habit Restaurants Inc. declined in midday trading Wednesday after its most recent quarterly reported showed earnings had declined compared to the same period last year.
Aliso Viejo-based Johnny Rockets named Charles Bruce president and chief executive, the second such senior executive-level move in the past month.
Lake Forest-based iPourIt plans to supply beer vending machines from Alpharetta, Ga.-based Plug in & Pour with its brew-dispensing hardware.