Orange County Business Journal

Vizio Ad Works Against the Curve of Competitors

Spot Takes Aim at Curved TVs, Their Drawbacks

Vizio Inc. is taking a stab at its competitors’ curved TV sets with a new ad for “anti-curved glasses.”

Canadian Buyer for San Clemente SUP Maker

SPORTS: Founder keeps stake, gets support for expansion

Kayak Distribution Inc. has acquired San Clemente-based paddleboard company Corran SUP in a bid to complement its outdoor-adventure offerings with a product for a growth segment of the market.

Incipio in Deal With Snowboard Firm

Incipio Technologies Inc. in Irvine said it signed a multiyear licensing deal with Burton Snowboards to manage the manufacturing and distribution of accessories for various mobile devices for the Burlington, Vt.-based company.

Mexican Connection

Imperio Auto Group Bases OC Bet on Nissan Brand, Grass-Roots Financing, New License Law

Orange County’s position at the heart of California’s car culture might be enough all by itself to draw the interest of some auto dealers.

Apparel Brands Unveil 2015 Marketing Agendas

2 Silos for Element as Women’s Line Grows

Several Orange County apparel brands in attendance at the Agenda trade show in Long Beach this month shared news from their marketing departments:

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Wet Seal Files Chapter 11

Foothill Ranch-based retail chain Wet Seal Inc. filed for Chapter 11 bankruptcy on Thursday, and said it plans to continue to operate its recently pared-down business under the jurisdiction of the court.

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Incipio Signs Deal with Snowboard Firm

Incipio Technologies Inc. in Irvine said it signed a multiyear licensing deal with Burton Snowboards to manage the manufacturing and distribution of accessories for various mobile devices for the Burlington, Vt.-based company.

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Volcom CFO Jumps to 5.11 Tactical

5.11 Tactical, Irvine-based gear and clothing manufacturer, nabbed a new chief financial officer from Costa Mesa-based Volcom Inc.

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Hyundai Introduces Concept Truck

Hyundai Motor America Inc. revealed a crossover truck concept car Monday at the North American International Auto Show in Detroit.

2015 Preview: MEDIA & MARKETING

Advertising spending in the U.S. is expected to increase 2.7% in 2015 to $169.5 billion, according to the Magna Global research firm in New York, which reported a 4% hike this year.

Wet Seal Closes Two-Thirds of Stores

Wet Seal Inc. said it is closing 338 stores and will lay off 3,695 full- and part-time employees “after assessing its overall financial condition” and failing to “successfully negotiate meaningful concessions from its landlords.”

St. Regis Show Adds to OC’s Stature as Center of Swimwear

APPAREL: Summer in January for labels, buyers at Monarch Beach

Major swimwear brands and retailers will gather this week for the Swim Collective at the St. Regis Monarch Beach Resort in Dana Point, sipping on bubbly and looking for sales.

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Wet Seal Exploring Bankruptcy

Wet Seal Inc. has hired restructuring lawyers and may file for bankruptcy as early as next week, sources familiar with the matter told the Wall Street Journal.

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Wet Seal Closes 338 Stores, Lays Off 3,695

Wet Seal Inc. said it is closing 338 stores and laying off 3,695 full and part-time employees “after assessing its overall financial condition” and failing “to successfully negotiate meaningful concessions from its landlords.”

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Kia Leads OC Auto Brands on December Sales

Kia Motors America Inc. in Irvine surpassed the national pace of sales of new vehicles in December, scoring the biggest percentage gain among Orange County-based auto brands.

Same Pitchman, New Sheriff in Kia’s Latest Campaign

Replaces Horse in Wild West, Visits Ancient Rome

Kia Motors America in Irvine released a new series of television commercials featuring NBA all-star Blake Griffin.

OC Law Schools Make Top 10 in State

Two local law schools’ summer bar exam pass rates placed them among the top 10 American Bar Association-approved schools in the state.

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Costa Mesa Firm Headed to Utah

Armada Skis Inc. is moving its headquarters from Costa Mesa to Park City, according to the Utah governor’s Office of Economic Development.

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PE Firm Invests in Apparel Company

Private equity firm Altamont Capital Partners in Palo Alto said it’s made a strategic investment in Cypress-based Hybrid Apparel.

Hurley Riffs on Hawaiian Surfer’s Moves in New Ad

One-Minute Spot Unveils Phantom JJF Boardshorts

Hurley International LLC, a Costa Mesa-based action-sports apparel brand, introduced its Phantom JJF Elite boardshorts with a one-minute spot titled “Power in Motion.”

2015 Preview: RETAIL

Expect to see improvements for local retailers and apparel manufacturers next year, according to the 2015 Forecast by Chapman University’s A. Gary Anderson Center for Economic Research.

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Sanuk Founder Leaves for Tea Brand

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

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Wet Seal Revises Loan Terms With BofA

Wet Seal Inc. said it amended its loan terms 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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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.

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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.

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.

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.

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.

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.

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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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