Orange County Business Journal

Sanuk Founder Leaves for Tea Brand

Jeff Kelley, founder of Sanuk USA LLC, said he will “transition from an active role” at the Irvine-based footwear brand by the end of the year.

Wet Seal Revises Loan Terms With BofA

Wet Seal Inc. said it amended its contract with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.

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New Campus HQ for Asics America

Asics America Corp. in Irvine has moved its headquarters 3 miles northwest to a campus at Lakeview Business Center that’s tailored to the recent trend toward creative office space.

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Mitsubishi Recalls SUVs

Mitsubishi Motors North America Inc. is voluntarily recalling 54,779 Outlander Sport vehicles due to seat belt issues, according to the National Highway Traffic Safety Administration.

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Times Gets “Protective Order” on Claim Against Register

A Superior Court judge in Los Angeles has granted the Los Angeles Times’ request for a “temporary protective order” against Santa Ana-based Freedom Communications Holdings Inc.’s flagship Orange County Register.

2014 Year in Review: Media & Marketing

Andrew Leisner, publisher of the Bonnier Motorcycle Group in Irvine, appeared on the Business Journal’s radar after a swap of six surf and skateboard publications for nine motorcycle titles from San Clemente-based TEN: Action/Outdoor Group.

2014 Year in Review: Retail

The Quiksilver Inc. boss continued to reshape the operations of the brand, which once again struggled despite its heritage as a pioneer of the surfwear sector.

Brand Consultant Celebrates 3 Decades With Book

Images in Tome Are A Retrospective on Its Work

InterCommunications Inc., a brand consulting company that specializes in the real estate and hospitality industries, recently published a coffee table book, “Imaging Places”—a 288-page portfolio of projects the Newport Beach firm has taken on over its 30 years in business.

Go-To Gift Guys

Logomark Complements Private-Label Lineup With Watch Brand Worn by President Obama

There’s a good chance the pen you used to sign that last document was made by Logomark Inc.

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Private Equity Firm Gets Fox Head

Private equity firm Altamont Capital Partners in Palo Alto said it acquired a majority stake in Fox Head Inc., in a deal estimated at more than $200 million.

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Quiksilver Up on Quarterly Numbers

Shares of Quiksilver Inc. rose about 30% to $1.92 and a market value of $330 million in early trading Friday, after it reported a narrower loss after markets closed yesterday.

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Wet Seal Puts BK in Picture After Weak Q3

Shares of Wet Seal Inc. sank more than 65% to 9 cents and a market value of $8 million in midday trading, after the teen and contemporary retail chain said it might “seek a restructuring or other relief under the provisions of the U.S. Bankruptcy Code” if it can't address its immediate liquidity needs.

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Freedom Adds Duties to Publisher’s Plate

Rich Mirman, interim publisher of the Orange County Register, will take on similar duties at the Riverside-based daily Press-Enterprise, according to Freedom Communications Holdings Inc. in Santa Ana.

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Hyundai to Recall 2 Models for Brake Lights

Hyundai Motor America Inc. in Fountain Valley will recall 42, 925 vehicles with faulty brake lights, according to the National Highway Traffic Safety Administration.

Agency Bakes Up Videos Featuring Pretzel Mascot

O’Leary Produces Five Pieces Starring Tiny Baker

O’Leary and Partners, in its latest assignment for Wetzel Pretzels LLC, has brought the Pasadena-based chain’s blue baker mascot to life.

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Cat, Dog Magazines Set For Redo

I-5 Publishing LLC in Irvine said it will replace its long-standing Dog Fancy and Cat Fancy magazines with print versions of its websites Dogster.com and Catster.com “to meet the needs of the contemporary marketplace.”

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Tilly’s Q3 Sales Surpass Expectations

Shares of Tilly’s Inc. were up 21% to $8.56 and a market value of $240.3 million in midday trading, following better-than-expected financial results for the third quarter reported after markets closed yesterday.

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PacSun Up in Q3

Pacific Sunwear of California Inc. beat analysts’ expectations for the third quarter, sending its stock up about 8% to $1.83 and a market value of about $126.7 million in midday trading Thursday.

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Biggest OC Automakers Lag U.S. Sales Pace

Three of the four Orange County-based automakers trailed the pace of sales of new vehicles nationally in November, according to New Jersey-based market researcher Autodata Corp.

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Toyo Recalls Tires Under 2 Brands

Toyo Tire Holdings of Americas Inc. is voluntarily recalling about 175,000 tires for light trucks, SUVs and vans manufactured under its Toyo Tires and Nitto brand brands, due to potential tread or belt separation.

Auto Dealers Sales Stay Hot; Near $5B on 6.3% Increase

Fletcher Jones No. 1 Again; Several Dealerships Sold

Orange County’s car culture continues to keep pace with the revved-up national market.

Automakers Ride Strong Sales, Boost Jobs by 3.2%

6 With U.S. Headquarters Here Combine to Employ 2,279

The six automakers with U.S. operations based in Orange County combined to employ 2,279 workers here, 3.2% more than a year earlier, according to this week’s Business Journal list. 

Beauty Company Taps Actress For Brand Campaign

Gabrielle Union New Face Of Home Gel Polish Line

Beauty products distributor Pacific World Corp. in Aliso Viejo selected actress Gabrielle Union to be the face of its SensatioNail at-home gel polish brand.

Sales Up 2.3% at Biggest OC Shopping Centers

RETAIL: 32 biggest combine for $7.3 billion

Taxable sales at the top 32 shopping centers in Orange County grew for the fifth straight year, but at a slower pace, according to this week’s Business Journal list.

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Toyo Recalls Tires Under 2 Brands

Toyo Tire Holdings of Americas Inc. is voluntarily recalling about 175,000 tires for light trucks, SUVs and vans manufactured under its Toyo Tires and Nitto brand brands, due to potential tread or belt separation.

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U.S. Hyundai Division Loses Marketing Head

Hyundai Motor America Inc. in Fountain Valley is looking for a new marketing chief after former Vice President of Marketing Steve Shannon left in mid-November.

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U.S. Hyundai Division Loses Marketing Head

Hyundai Motor America Inc. in Fountain Valley is looking for a new marketing chief after former Vice President of Marketing Steve Shannon left in mid-November.

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Wet Seal Taps L.A. Investment Bank, Tilly’s Vet

Wet Seal Inc. has hired Houlihan Lokey Capital in Los Angeles and former Tilly's Inc. executive William Langsdorf to “identify and analyze potential strategic and financial alternatives.”

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NB Company Gets More Money to Build Hydrogen Stations

FirstElement Fuel Inc. will receive a $13.8 million loan from American Honda Motor Co. Inc. in Torrance to build 12 additional hydrogen fueling stations in the state.

Milk Processor Board Lands License Deals on ‘Got Milk?’

MARKETING: South OC-based trade group owns famous slogan

A classic children’s storybook starts off with, “If you give a mouse a cookie, he’s going to ask for a glass of milk.”

Pimco Takes New Approach on Life After Gross

Website Promotes Bond Heavyweight’s Services

Pacific Investment Management Co. is promoting the shared strengths of its leadership team on wearepimco.com, a new website of the Newport Beach-based firm.

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Wet Seal Inc. Names Interim CFO

Wet Seal Inc. named Thomas Hillebrandt its interim chief financial officer.

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Wet Seal Inc. Names Interim CFO

Wet Seal Inc. named Thomas Hillebrandt its interim chief financial officer.

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Henrik Fisker, Galpin Ford Team Up on Muscle Car

Henrik Fisker is expected to announce plans for a new muscle car with a body made of carbon fiber during an appearance at the Los Angeles Auto Show today.

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Slater Endorses Volcom, Electric

Professional surfer Kelly Slater will endorse surf product for Costa Mesa-based Volcom Inc. and Electric Visuals in San Clemente.

Students Try to Live Más Football With Taco Bell

Tickets to College Playoff Games Part Of Giveaway

Taco Bell Corp. has teamed up with ESPN Inc. to give college students a chance to cheer on their teams at this season’s College Football Playoff games from the Live Más Student Section.

Quiksilver Sells Online Retailer to Rival

Quiksilver Inc. sold online retailer Surfdome.com in the United Kingdom to Australia-based rival SurfStitch for $16 million.

All In On Aluminum

Laguna Hills Nonprofit Gets Body Shops Ready for Ford’s New Truck

The all-aluminum Ford F-150 trucks are set to roll off dealer lots next month—and you can bet that some will wind up in body shops before the new-car scent wears off.

Cosmetics Firm Could Go Up for Sale

Too Faced Cosmetics LLC in Irvine “is exploring a sale that could value it at several hundred millions of dollars,” according to Reuters.

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Freedom Communications Folds Magazine

Freedom Communications Holdings Inc. will cease publication of OC Register Metro, according to the monthly magazine’s founder, Steve Churm, who announced the move during Freedom’s Hot 25 event on Thursday at the Island Hotel Newport Beach.

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Hyundai Gets Honors for HQ

Hyundai Motor America Inc.'s new headquarters won honors from the local chapter of a global real estate trade group.

New Mitsubishi Finance Head Named

Mitsubishi Motors North America Inc. in Cypress appointed Dan Booth president of its financing arm, Mitsubishi Motors Credit of America Inc.

New Mitsubishi Finance Head Named

Mitsubishi Motors North America Inc. in Cypress appointed Dan Booth president of its financing arm, Mitsubishi Motors Credit of America Inc.

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Irvine-Based Cosmetics Firm Reportedly in Play

Too Faced Cosmetics LLC in Irvine “is exploring a sale that could value it at several hundred millions of dollars,” according to Reuters.

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Quiksilver Sells Retailer to Rival

Quiksilver Inc. has sold online retailer Surfdome.com in the United Kingdom to Australia-based rival SurfStitch for $45 million, according to the Australian Financial Review.

Toshiba Digital Displays in Staples Center Lineup

MARKETING: Electronics outfit in Irvine lands sponsorship

Diversified electronics maker Toshiba America Business Solutions Inc. is supplying digital displays for LA Interactive, a new section of the Staples Center that opened over the weekend.

Will This Shoe Fit?

China-Based 361° Aims for U.S. Share From Irvine HQ

361° International Ltd.’s recent arrival to the U.S. market is another step toward the China-based footwear and apparel company’s ultimate goal: becoming a top five global sports brand in a short period of time.

Amazing Picture Quality—Nothing Else Matters

Vizio Ads Imply Couch Taters Stop All For Its TVs

Nothing is more captivating than ultra-HD resolution, according to Vizio Inc.’s latest ads.

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Two Freedom Shareholders Press for Receivership

Two investors who helped Aaron Kushner and Eric Spitz finance the purchase of Freedom Communications in 2012 have asked the Delaware Chancery Court to put the media company’s operations into receivership, claiming “it needs independent oversight because the company is insolvent and in financial distress from mismanagement,” according to the website Law360.

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Two Freedom Shareholders Press for Receivership

Two investors who helped Aaron Kushner and Eric Spitz finance the purchase of Freedom Communications in 2012 have asked the Delaware Chancery Court to put the media company’s operations into receivership, claiming “it needs independent oversight because the company is insolvent and in financial distress from mismanagement,” according to the website Law360.

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