RESTAURANTS: Cavanaugh has new ideas, new partner
In recent weeks Doug Cavanaugh knew he was headed to bankruptcy court with the restaurant chain he founded, Newport Beach-based Ruby’s Diners Inc.
Activision unit had bang-bang year … first-person shooter ‘Overwatch’ $1B business in under 18 months … Overwatch League has $20M apiece franchises in LA, SF, NYC, Boston, London, Seoul, Shanghai … Blizzard Arena in Burbank now open for pro players, esports fans … 2014-launched free-to-play card game ‘Hearthstone’ has 70M users … Blizzard approaching 25 years
Fountain Valley-based consumer electronics company OrigAudio LLC has been acquired by HUB Promotional Group in Braintree, Mass. for an undisclosed sum.
David Ivers has been appointed artistic director of South Coast Repertory, succeeding Marc Masterson.
Huntington Beach-based Nuvision Credit Union announced Monday that it will merge with Anchorage, Alaska-based Denali Federal Credit Union, effective Oct. 1.
Haddad: Higher Density, Homes Without Garages, Ridesharing
Emile Haddad is experimenting with something that at first glance appears antithetical to the Southern California lifestyle—a home without a garage. And a homeowner who’s not a car owner.
Kaiser Aluminum Corp. in Foothill Ranch bought Columbia, N.J.-based 3D metal printer Imperial Machine & Tool Co. on undisclosed terms.
Distributes wines, spirits western U.S. … No. 2, Business Journal OC-based F&B supplier behind Golden State Foods … No. 8, Business Journal OC private cos.; No. 141, Forbes private cos. … $3.1B sales, 4K workers, 400 local … fifth gen to lead 130-year-old family enterprise … started in warehouse 1996 … USC grad, member of 1990 NCAA Champion volleyball team … Young Presidents’ Org
SOFTWARE: Goldman, Carrick among top investors
Business software maker Mavenlink Inc. has laid out an aggressive local expansion plan as it eyes an initial public offering.
20-something tech entrepreneur made waves mid-2017 when paid $35M for Huntington Beach marina … did so again when asked 56K Twitter followers whether he should buy VR headset maker HTC Vive … 56% said yes … Luckey founded virtual reality co., sold to Facebook $2B … Forbes estimates wealth at $730M … Time magazine cover story … Business Journal Person of the Year 2014
Members of Orange County’s business community gathered Thursday at Hotel Irvine for the Business Journal’s fourth annual Innovator of the Year Awards.
Says Alcon Recall Product-Specific
Stockholders of San Clemente-based medical device maker Glaukos Corp. (NYSE: GKOS) got an early Christmas gift last month, as the product failure of a competitor firm in the emerging micro-invasive glaucoma surgical (MIGS) sector sent the company’s stock up about 40% to an all-time high, while adding about a billion dollars to its market value.
Longtime CEO ceded reins to Robert Bouttier May 2012, who stepped down in 2017 as OC 500’s John Boyle named to post … McKernan led group for 21 years, growing SoCal membership 70% to 6.2M, bought AAAs in several states … SoCal AAA is largest in US … began career in Pasadena branch 1966 … led information systems, financial management areas … Business Journal’s OC 50
Habit Burger Restaurants Inc. said a franchisee will develop nine locations in Eastern Washington and Idaho, with the first ones scheduled to open early next year.
Staffing Boom Grows Sales Nearly 2,000%
When Matthew Blake was asked how many offices Nexem Corp. has nationwide, he hesitated before saying, “That’s a dynamic number. It might be more than 50.”
Left No. 2 Irvine Co. role in 2016 to launch entitlement-development firm … remained adviser to Don Bren …now point man for Bren’s bid to bring Amazon’s HQ2 to Irvine … formal bids were due mid-October … Santa Ana mayor in 1980s and ’90s before current long-term pol OC 500’s Miguel Pulido elected
University of California, Irvine will be opening the doors to its new 65,000-square-foot “active learning” building next week.
Brea’s West Coast Prime Meats Joins the Herd of Fastest-Growing Private Companies
Craig Nickoloff’s bachelor’s degree in cartography and geography from California State University-Long Beach 44 years ago seems disconnected from his career of running restaurants and supplying them with great meat.
Companies make, sell complex precision components for aerospace, defense, oil and gas industries … R.A. is Markall’s manufacturing arm… 5th-gen OCer … left career as opera singer to earn Chapman MBA through