Six Flags Entertainment Corp., the parent company of Knott’s Berry Farm, is laying off 140 employees at three of its theme parks in California, including 65 at Knott’s in Buena Park, according to a Worker Adjustment and Retraining Notification (WARN) letter sent to state employment officials on May 22. Knott’s Read More
Palmer Luckey’s ambitious dream of helping America become the world’s biggest gun store via his company, Anduril Industries, is coming to fruition. And he’s got the money to prove it. The 32-year-old billionaire told “60 Minutes” in a show that aired May 18 that his Costa Mesa-based autonomous weapons startup Read More
Vans owner V.F. Corporation blamed the Costa Mesa-based retailer for dragging down fourth quarter revenue, which fell 5% to $2.1 billion, the Denver company said Wednesday. Sales at Vans were down 22% for the quarter. Bracken Darrell, president and CEO, said if the company excluded results from Vans, “we’re up Read More
Liyuan Woo is no stranger to disruption. In fact, she thrives on working for category creators like TOCA Football. With a career that’s spanned billion-dollar fashion brands to facial-tech startups, Woo has built a reputation for steering companies through restructuring, high growth and reinvention. That experience proved invaluable when she Read More
Naveen Poonian, chief executive of iBase-T, sees a silver lining in the tariffs being imposed by President Donald Trump. The tariffs are causing manufacturers to relocate to the U.S., which in turn is forcing them to become even more efficient, he said. That trend benefits iBase-t, which has developed software Read More
Shaheen Sadeghi has never followed the crowd. For most of his retail and development career, he’s been out front, paving a path that others have followed. More than 30 years ago, the former Quiksilver president left the fashion industry to start LAB Holding LLC, a Costa Mesa-based venture rooted in Read More
The Business Journal held its 18th CFO of the Year Awards last week, honoring five outstanding financial professionals from Glaukos Corp., TOCA Football, Hoag Memorial Hospital Presbyterian, QSC Audio and IHI Power Services Corp. The recipients, recognized as corporate stewards for the preceding fiscal year, were selected from a total Read More
In another strange turn tied to the sale of the iconic Ziggurat building, the U.S. General Services Administration canceled the high-profile online auction of the 92-acre property on Wednesday, stating it plans to hold another auction this month. “Today, the U.S. General Services Administration announced the cancellation of the recent Read More
Another struggling Orange County apparel company is downsizing. Retailer Vans, whose parent company is VF Corp. (NYSE: VFC), is laying off 82 workers at its Costa Mesa headquarters, according to a Worker Adjustment and Retraining Notification (WARN) letter sent to state employment officials on April 29. Jobs impacted include footwear Read More
Taco Bell is once again bucking the trend by delivering “staggering” sales growth amid a broader slowdown in consumer spending, parent company Yum Brands reported Wednesday. The Irvine-based fast-food giant posted a 9% increase in same-store sales in the first quarter—a key metric of restaurant performance. That’s “an impressive achievement, Read More
