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.
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.
Verrix LLC recently announced the initial close of a Series B funding round for $8 million.
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.
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.
U.S. stocks again dropped amidst fears of a slowdown and rising trade tensions with China.
INNOVATION: Duo has subscription and store
Santa Ana-based Shots Box LLC is like a chocolate-of-the month club—for booze.
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
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.
Long Beach Airport Director Jess Romo will retire effective Jan. 31.
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.
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
Markets are closed today to honor late former U.S. President George Herbert Walker Bush.
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.
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.
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.
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
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.