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
Sandra Beard is resigning as chief financial officer of Newport Beach-based Evolus Inc., a maker of beauty products, effective June 13. Beard is taking the same position at an unidentified private mental health and wellness technology company, Evolus said in a statement. The company said the resignation isn’t the result 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
Shannon Eusey has had to convince investors to let her manage millions of dollars of their money at Beacon Pointe Advisors, the firm she co-founded with her father. On top of that, she’s employed a roll-up strategy to make dozens of acquisitions around the nation where she had to persuade Read More
Balboa Fun Zone isn’t the typical project you’d expect to see listed on Chartwell Real Estate Development’s portfolio. In 2021, Chartwell saw an opportunity to buy Balboa Fun Zone, a small waterfront amusement park that’s seen better days on the Balboa Peninsula. “We’re working on revitalization and redevelopment,” Chartwell Co-founder 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
The Irvine Company is proposing more housing in the city. This month, the Irvine City Planning Commission approved a zoning change requested by the Newport Beach developer that would allow for as many as 2,500 new housing units to be built near the University of California, Irvine. Irvine previously zoned Read More
So much for Jack Hartung’s quiet retirement. Again. Last July, Chipotle Mexican Grill (NYSE: CMG) announced that Hartung, then CFO of the Newport Beach fast casual chain, had decided to retire after 25 years at the company, effective early 2025. That plan didn’t last long, as Chipotle’s then-CEO, Brian Niccol, Read More
