Orange County Business Journal

Agency Ups Role in Client Work With Startup Stakes

Gets Equity Share In Exchange for Services

Irvine-based agency INK is taking an active role in its startup clients. It launched an “equity based model for agency-client relationships” that enables it to acquire a stake in promising enterprises.

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Volcom Sheds Eyewear Subsidiary

Costa Mesa-based Volcom Inc. has sold Electric Visuals in San Clemente to the eyewear subsidiary’s chief executive, Eric Crane.

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Tribune Top Bidder for Register

Tribune Publishing Co.’s $56 million offer was selected as the winning bid during Wednesday’s bankruptcy auction of Santa Ana-based Freedom Communications Inc. held at the office of Lobel Weiland Golden Friedman LLP in Costa Mesa.

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Stalking Horse Bid Set for Freedom Auction

Digital First Media’s $45.5 million offer has been selected as the stalking horse, or starting, bid for Wednesday’s bankruptcy auction of Freedom Communications Inc. in Santa Ana.

New Boss, Direction at St. John Knits

Veteran Exec Emphasizes ‘Modern, Relevant’ Design

Bruce Fetter took over the reins at St. John Knits International Inc. with a new challenge for the American luxury house: connecting with the modern woman on the rise.

PacSun Tries Out App Game Product Placements

Players Pick Characters’ Favorite Spring Duds

BRAVEN LC, a subsidiary of Incipio Technologies Inc. in Irvine, signed on as the official sponsor of the Australian Open of Surfing.

Kawasaki Thinks Small

Hopes New Model Stirs Market That’s Remained in Idle Amid Auto Recovery

Kawasaki Motors Corp. U.S.A. is betting on a new, much smaller motorcycle to help spur sales of its larger models in a market that’s relatively flatlining.

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Taylor-Dunn Acquired

Minneapolis-based Polaris Industries Inc. acquired Taylor-Dunn Manufacturing Co. in Anaheim on undisclosed terms.

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Orange Outlets to Grow

The Outlets at Orange said it will begin construction on 60,000 square feet of retail space this month.

PacSun Retains Restructuring Specialist

Pacific Sunwear of California Inc. has hired Washington, D.C.-based restructuring firm FTI Consulting Inc. and investment bank Guggenheim Securities in New York to deal with $160 million in debt payable at the end of this year.

Wet Seal Moves HQ To Irvine Spectrum

RETAIL: Apparel chain pares back under private equity

Wet Seal LLC is moving on—literally.

Toyo Tires Partners With Rally Driver Ken Block

YouTube Star, Ducks Deal Add Visibility

Toyo Tire U.S.A. Corp. has signed a marketing partnership with Ken Block, a rally driver and star of the “Gymkhana” extreme driving videos.

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PacSun Hires Restructuring Specialist

Pacific Sunwear of California Inc. has hired Washington, D.C.-based restructuring firm FTI Consulting Inc. and investment bank Guggenheim Securities in New York to deal with $160 million in debt payable at the end of this year, according to The Wall Street Journal.

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Kia Leads OC Auto Brands

Only one of four Orange County-based automakers exceeded the national sales pace for new vehicles in February, according to New Jersey-based market researcher Autodata Corp.

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Kawasaki USA Chief to Retire

Kawasaki Motors Corp. U.S.A President Masafumi Nakagawa plans to retire in April.

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Billabong Posts Narrow Loss

The parent of Irvine-based action sports apparel maker and retailer Billabong USA saw global revenue of about $401 million in the first half of its fiscal 2016, a 7.6% increase, excluding the impact of exchange rates.

Great Wolf Opens Park, Starts ‘Storytelling’ Campaign

Ads That Don’t Name It A ‘Gamble’ in New Market

Great Wolf Lodge Southern California in Garden Grove, a 603-suite resort that features a massive indoor waterpark, this month ushered in its first guests—and its inaugural ad campaign.

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Billabong Posts Narrow Loss

The parent of Irvine-based action sports apparel maker and retailer Billabong USA saw global revenue of $400.63 million in the first half of its fiscal 2016, a 7.6% increase excluding the impact of exchange rates.

ASICS App Buy Puts It Abreast Of Runners Pack

RETAIL: $85M deal latest in string of fitness tech moves by competitors

ASICS America Corp. is just catching up with competition when it comes to mobile sales and marketing.

Quiksilver Promotes ‘Vision of Life’ in New Campaign

Says, ‘Stay High’ In Design, State of Mind

Huntington Beach-based Quiksilver, fresh out of bankruptcy, launched a “Stay High!” brand campaign to emphasize the apparel and footwear maker’s “vision of life, finding positive and getting stoked.”

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Vans Revenue Up in Quarter, Year

Vans Inc. revenue was up 3% in the fourth quarter of 2015, according to its parent, Greenboro, N.C.-based VF Corp. The Cypress-based shoe and apparel division’s full-year sales totaled $2.2 billion, a 7% increase compared with 2014.

Hyundai Seeks New Connections to Consumers

AUTOS: Super Bowl image ad set stage for upcoming campaign

Fountain Valley-based Hyundai Motor America Inc.’s advertising splash during Super Bowl 50 was a setup for a new branding campaign that’s scheduled to be in full swing come spring.

Opus Hires NY Firm to Fill Niche on Smaller Loans

On Deck To Help Bank Maximize Position

Opus Bank in Irvine signed a marketing and referral agreement with New York-based On Deck Capital Inc., whose financing products focus on small businesses.

Swell Move for Global E-Commerce Operation

RETAIL: OC-grown brand lends name to parent in strategic shift

Swell is about to hit the Asia-Pacific and European markets.

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Mirman Group Will Wait on Freedom Bid

An investment group led by Freedom Communication Inc. Chief Executive Richard Mirman will not submit the initial or “stalking horse” bid for the company’s assets by today’s deadline.

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Advantage Adds President

Advantage Solutions named Jeff Hansberry its president and chief commercial officer, a new position, effective March 21.

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Time Inc. Buys Irvine Ad Tech Firm

Irvine-based advertising technology company Viant Inc. was bought by Time Inc. in New York on undisclosed terms.

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NB Ad Shop Sold

Newport Beach-based advertising agency O’Leary and Partners has been bought by the Shipyard, a marketing firm in Columbus, Ohio, on undisclosed terms.

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Laptop Accessories Supplier Acquired

Anaheim-based Targus Group International Inc. was acquired by its lenders for an undisclosed amount in a foreclosure sale on Feb. 1.

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Newspaper Takes Over Rival

Nguoi Viet Daily News Inc. in Garden Grove, publisher of Nguoi Viet Daily News, has taken over assets of competitor The Little Saigon News Inc., according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.

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OC Weekly Sold

Duncan McIntosh Co. Inc. in Irvine has purchased OC Weekly from Denver-based Voice Media Group Inc. for an undisclosed sum.

Fox Head to Shift Workers from NorCal

Fox Head Inc. in Irvine said it plans to close its offices in Morgan Hill in Santa Clara County in June and relocate its finance, IT and sales operations to the motocross apparel and accessories manufacturer’s headquarters in Irvine.

JetSuite Makes Long Pass in Super Bowl Empties Deal

Marks Anniversary With $50 Flights for Charters

Irvine-based JetSuite Inc., the fourth largest private jet charter company in the U.S. based on hours flown, marked Super Bowl 50 by offering $50 “Suite-Deals”—its empty flights on Feb. 6 and 7 were sold for $50. Clients pay $3,000 to $6,000 an hour on average for the charter, depending on jet size.

Deckers moves Sanuk to its Goleta HQ

Deckers Outdoor Corp. said it will move Irvine-based sandal maker Sanuk USA LLC to Deckers’ headquarters in Goleta to help “streamline brand operations and reduce infrastructure costs.”

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OC Weekly Sold

Duncan McIntosh Co. Inc. in Irvine has purchased OC Weekly from Denver-based Voice Media Group Inc. for an undisclosed sum.

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Sanuk Revenue Falls 17%

Sanuk USA LLC’s revenue for the third quarter of its fiscal year 2016 decreased 17% to $17 million compared to $20.5 million in the same period last year, according to parent company Deckers Outdoor Corp. in Goleta.

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More Fox Head Ops to Irvine HQ

Fox Head Inc. in Irvine said it plans to close its offices in Morgan Hill in June and relocate its finance, IT, and sales operations to the motocross apparel and accessories manufacturer’s headquarters in Irvine.

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Boot Barn Beats; Shares Up

Shares of Boot Barn Holdings Inc. were up 29% in recent trading to a market cap of $188 million on the strength of its quarterly report issued yesterday.

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OC-Based Carmakers’ January Mixed

Two out of four Orange County-based automakers exceeded the national sales pace for new vehicles in January, according to New Jersey-based market researcher Autodata Corp.

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Freedom Auction Set

The U.S. Bankruptcy Court Central District of California gave Freedom Communications Inc. the green light Monday to auction its assets on March 16.

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Sanuk to Exit Irvine HQ

Deckers Outdoor Corp. said it will move Irvine-based sandal maker Sanuk USA LLC to its headquarters in Goleta to help “streamline brand operations and reduce infrastructure costs.”

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Nordstrom Rack Coming to Center

Irvine Company said it plans to add a Nordstrom Rack store to its 120-tenant lineup at The Market Place shopping center in Tustin and Irvine.

Emerald Expositions Adds NY Trade Show to Roster

New Brand Licensing Event Set for September

Emerald Expositions LLC in San Juan Capistrano plans to launch a new trade show, Brand Licensing Select, scheduled for Sept. 27 to 29 in New York.

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OC Auto Sales Up 8.7% in 2015

Sales at Orange County auto dealers rose 8.7% last year and are expected to increase 2.5% this year, according to the Orange County Automobile Dealers Association in Newport Beach.

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Mall Announces New Stores

The Shops at Mission Viejo is adding six tenants over the next few months, including apparel retailer Madewell, which is holding its grand opening celebration from 7 p.m. to 9 p.m. today on the upper level near Forever 21.

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Quiksilver Names Post BK Board

Huntington Beach-based Quiksilver Inc. selected a new board of directors to take over after bankruptcy proceedings end, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware.

Foreign-Owned Companies Stay Employment Course

36 Biggest Still Employ 27,000-Plus in County

The biggest foreign-owned companies with regional headquarters or significant operations in Orange County employ more than 27,000 here, about the same as a year earlier.

DC Shoes, Retailer Rev Up Supercross Sponsorship

Brand Teams With Journeys for ‘16 Contests

Quiksilver Inc.’s DC Shoes brand has partnered with the Journeys retail chain as the exclusive footwear sponsor of the 2016 American Motorcyclist Association Supercross season.

Silicon Beach Media Shop for Hyundai, Kia

MARKETING: Joint venture includes HB creative agency

The recently formed agency that handles nearly $700 million in U.S. media buying for Fountain Valley-based Hyundai Motor America Inc. and Kia Motors America Inc. in Irvine has settled in Playa Vista—or Silicon Beach, as the area and surrounding environs on the Westside of Los Angeles are called these days.

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Business Journal Honors CFOs

Orange County’s top financial professionals were honored in five categories on Jan. 21 at the Ninth Annual Business Journal CFO of the Year awards dinner, which drew a crowd of about 600 to Hotel Irvine.

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