Latest stories

Execs Skip Lift Lines in Search of Perfect Ski Run

OC’s Heli- and Cat-Skiing Enthusiasts Share Their Stories

For some Orange County executives, life’s too short for waiting in lift lines and dodging inexperienced daredevils on skis and snowboards.

PHILANTHROPY

Second Harvest Food Bank of Orange County held its annual No Lunch event on Nov. 20 to honor local and national organizations that help the food-insecure population in Orange County.

STARTUPS & INNOVATIONS

Verrix LLC recently announced the initial close of a Series B funding round for $8 million.

Hotels Continue Strong

Local hotels, countering some expectations that the hospitality market was cooling, kept up a year of strong performance in October in the county overall and seven OC submarkets.

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Disneyland SVP to Hong Kong

Disneyland Resort Senior Vice President of Operations Stephanie Young will replace Hong Kong Disneyland Managing Director Samuel Lau Wing-kee, reporting to Michael Colglazier, president and managing director of Walt Disney Co.’s parks and resorts in Asia.

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Midday Stock Roundup

U.S. stocks again dropped amidst fears of a slowdown and rising trade tensions with China.

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Mazzo Criminal Case Dismissed

“Mr. Mazzo, you must be very happy.”

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Door-to-Door Booze Co. Starts

INNOVATION: Duo has subscription and store

Santa Ana-based Shots Box LLC is like a chocolate-of-the month club—for booze.

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OC 500: Ronald M. Simon

Year of sales for billionaire philanthropist: cabinetmaker RSI Home Products Inc., $1B, American Woodmark Corp., late 2017 … early 2018: homebuilder RSI Communities, $460M, William Lyon Homes (see Matt Zaist) … putting proceeds, time, talents, into philanthropy—Simon Foundation’s Chapman U. scholarships—investing … Horatio Alger honoree … Business Journal OC’s Wealthiest

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Windjammer Fund Raises $870 Million

Newport Beach’s Windjammer Capital Investors said it has completed fundraising for its fifth fund, Windjammer Senior Equity Fund V LP, with aggregate capital commitments of $870 million.

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Long Beach Airport's Romo Retires

Long Beach Airport Director Jess Romo will retire effective Jan. 31.

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Midday Stock Roundup

The S&P 500 was down 1.7% to 2,653.76.

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Manhattan Beachwear Returns to Roots

APPAREL: New CEO ditches activewear

Cooler fall temperatures are now hitting Orange County, but things are starting to heat up inside the offices of swimwear manufacturer Manhattan Beachwear Inc.

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OC 500: Wende Zomnir

Worked Elizabeth Arden makeup counter, Texas … co-founded UD with Cisco Systems co-founder Sandra Lerner, 1996 … sold 2000 for $22M, LVMH … now owned by L’Oréal SA … bought from equity firm Castanea $350M … 350+ workers, a third in OC … $1B revenue

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Midday Stock Roundup

Markets are closed today to honor late former U.S. President George Herbert Walker Bush.

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20 Habits to Greater Chicago

Habit Restaurants Inc. (Nasdaq: HABT) said a new franchisee to its system, Bloomfield, Mich.-based Tremendous Brands Group LLC, will open 20 locations in Illinois and Indiana, with the first to come by mid-2019.

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No Mazzo Deal Yet

Late Tuesday, Judge David Carter ordered a second hearing, set for Thursday, before he will sign off on James Mazzo’s agreement with the Securities and Exchange Commission to settle insider trading charges.

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Surf City Offices Trade for $124M

Largest OC Deal for Pendulum Property Partners

Irvine-based Pendulum Property Partners, a real estate investment and development firm that started operations in 2016, has made its largest area purchase to date, buying Huntington Beach’s most prominent office complex.

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OC 500: Mark Wetterau

Leads, owns, largest food co., 2nd largest private company, in OC … $7B sales, 7K workers … sells meat, dairy, sauces, to McDonald’s Corp., Starbucks, Chipotle (see Brian Niccol), others … has $1B unit, QCD, growing with non-McD’s clients (see Ryan Hammer) … firm runs fleet of trucks … Wetterau family big: food, charity work, for generations … Oct. 2018 in talks to sell some distribution centers serving McD’s … Business Journal OC 50

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Opus Bank’s Founder Departs; Questions Remain

FINANCE: Talk of possible sale heats up

Since Steve Gordon’s surprising departure last week as chief executive of Opus Bank, the once high-flying company he co-founded in 2010, the question is what will happen to Orange County’s third-largest bank by assets.

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