Brea-based Mullen Automotive Inc. (Nasdaq: MULN) dropped 30% to $5.77 per share after acquiring an additional 21% of Bollinger Motors Inc. on Monday. This brings Mullen’s majority stake up to 95% in the Michigan-based manufacturer of electric commercial trucks. A court-ordered receivership at Bollinger was recently discharged and Read More
California Pizza Kitchen, often known as CPK, has struggled in recent years, which has led to bankruptcy, new ownership and leadership changes. The casual dining chain, whose claim to fame is inventing The Original BBQ Chicken Pizza, turns 40 – and it’s planning some big changes that include ramping up Read More
Compass Diversified last week announced it has “restricted” investment in its troubled Lugano unit to focus on the eight other companies in its portfolio. Compass also announced it’s suspending its dividend “to preserve cash and protect long-term value,” and it also entered into a forbearance agreement with its lender group Read More
Retail operator VF Corp. says turnaround efforts at Costa Mesa-based Vans weren’t visible during the company’s latest earnings. But a turnround is imminent. “You don’t see the results just yet numerically, but you will,” CEO Bracken Darrell told investors May 21. “And when you do, they’ll be high quality.” Vans Read More
Kelly Miller, chief executive of Visit Huntington Beach, will retire from his post on Oct. 15 after 12 years at the tourism marketing organization. Under Miller’s leadership, Visit Huntington Beach (VHB) helped drive the city and its hotels to reach record visitation and performance metrics such as a 90.1% Read More
Shares of El Pollo Loco (Nasdaq: LOCO) rose 7% to $10.41 apiece during midday trading on Friday following an SEC filing by CapitalSpring Finance Company LLC that disclosed the firm’s 5.2% stake in the restaurant chain. CapitalSpring reported it was discussing “a potential extraordinary transaction involving (El Pollo Loco) and Read More
Compass Diversified (NYSE: CODI), parent of Newport Beach-based Lugano, announced it would be restricting investment in the local company following an internal probe into the luxury jeweler’s financing, accounting, and inventory practices. Shares of Compass dropped over 17% to around $6.20 apiece during after-hours trading. The Westport, Connecticut-based Read More
Compass Diversified (NYSE: CODI), parent of Newport Beach-based Lugano, announced it would be restricting investment in the local company following an internal probe into the luxury jeweler’s financing, accounting, and inventory practices. Shares of Compass dropped over 17% to around $6.20 apiece during after-hours trading. The Westport, Connecticut-based Read More
Ramen chain Yoshiharu Global Co. (Nasdaq: YOSH) is partnering with real estate firm Good Mood Studio, known for property flipping, to pursue real estate development for additional “engines of growth,” the company said in a statement. Buena Park-based Yoshiharu will also invest $2 million to acquire a 10% stake Read More
Co-founder of Polly’s Pies Harvey Edward “Eddie” Sheldrake passed away on May 8 at the age of 98. Sheldrake founded the diner and bakery concept with his brother Don Sheldrake in 1968 and opened the first Polly’s restaurant in Fullerton. It currently counts 13 locations to its name, including seven Read More
