Developer and banker Michael Towbes and his wife, Anne, have made a $5 million gift to the Santa Barbara Center for the Performing Arts. The gift is irrevocable, the organization said in a March 17 announcement, and is in addition to the $15 million the couple has previously given to SBCPA.
The Pacific Coast Business Times will celebrate its eighth class of outstanding tri-county business women at an April 17 event featuring keynote speaker Zhena Muzyka, founder of Zhena’s Gypsy Tea.
Summerland-based QAD’s profits in its most recent fiscal year dipped 3.8 percent to $6.4 million, or 41 cents per Class A share and 34 cents per Class B share.
In a rare financial disclosure, Santa Barbara audio firm Sonos has disclosed that its 2013 revenue was $535 million and that total sales doubled during the past year.