SERVICES

Acacia Management Ousted, Board Resigns

Senior management of Acacia Research Corp. will leave the company by Friday and all board members who were in place before a recent proxy fight at the company have resigned.

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Disney Parks Tops in Growth

Year-over-year Walt Disney Co. parks and resorts’ operating income rose 15% to $1.34 billion in the most recent quarter on a 6% revenue bump to $5.2 billion. The income growth was the highest of the entertainment company’s four divisions, and the revenue increase was second-highest.

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5 Restaurant Chains in Top 50

Five quick service restaurant chains based in Orange County—or soon to be—made trade magazine QSR’s list of the 50 largest such companies in the U.S., ranked by 2017 systemwide sales.

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El Pollo Loco $8.8M Judgment Confirmed

Costa Mesa-based El Pollo Loco Holdings Inc. must pay $8.8 million to franchisees who sued the fast food chicken chain when it opened corporate stores near their location, a Los Angeles Superior Court judge said.

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Poké Chain Gets Japan-Based Investment

Pokéworks in Irvine said it received an investment from Toridoll Holdings Corp. in Japan.

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PHG Names CFO

Pacific Hospitality Group named Melanie Bucci chief financial officer;. She was most recently vice president of finance at Montage International for about eight years; both are hotel management companies based in Irvine.

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Real Mex Files BK; To Sell

Holding companies that own chains run under Real Mex Restaurants Inc. have filed for bankruptcy and will sell to an affiliate of New York-based private equity firm Z Capital Group LLC, which along with Santa Monica-based Tennebaum Capital Partners will provide $5.5 million in debtor-in-possession financing during the Chapter 11 process.

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3 OC Hospitals in DOJ Settlement

Ontario-based Prime Healthcare Services Inc. and its chief executive have agreed to pay $65 million to settle federal allegations of Medicare overbilling at 14 California Hospitals, including four in Orange County, the U.S. Attorney’s Office said Aug. 3.

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Din Tai Fung Expands

Popular Taiwanese restaurant chain Din Tai Fung is expanding its only Orange County location, at South Coast Plaza shopping center in Costa Mesa.

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Taco Bell Quarter Mixed

Taco Bell Corp. in Irvine reported lower quarterly operating profit on higher systemwide sales, with same-store sales up, but below expectations and less than the same period a year ago.

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Loco Revenue Flat, Income Down

El Pollo Loco Holdings Inc. said quarterly revenue increased less than 1% to $106 million and net income fell by a third, to $5.1 million, compared with the same period last year.

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Advantage Acquires Marketer

Irvine-based marketing firm Advantage Solutions Inc. bought Mill Valley, Calif. agency Beekeeper Marketing on Thursday for an undisclosed sum.

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Habit Revenue, Net Income, Comps Up

Habit Restaurants Inc. in Irvine reported quarterly income of more than $2 million on revenue topping $103 million, up 90% and 23% respectively. Comparable same-store sales at the casual burger chain grew 1.2%.

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Potbelly’s 4 in OC, Finally

Potbelly Corp. looks to finally open in OC with four franchised locations, starting with one in Irvine, early next year.

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OC Hotels’ YTD Strong

The local hotel market continued strong in the first six months of the year, compared with the same period last year, with average daily rates of $194; revenue per available room about $156, and occupancy of more than 80%.

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