TOLD Corp. founder Jack Gilbert dies
Ventura County business leader and philanthropist Jack Gilbert has died. He was 91. In 2010, Gilbert was an inaugural member of the Pacific Coast Business Times’ Business Hall of Fame, an honor which recognized him for his role as a developer in Ventura County and for his part in leading Thousand Oaks’ emergence as a Read More →
K-Swiss profits fall as sales down 32%
Athletic shoemaker K-Swiss stumbled into another large loss in the second quarter as its worldwide sales plummeted by almost one-third. The Westlake Village-based company reported an $11.6 million loss, compared to a loss of $20 million in the same quarter a year earlier. Worldwide revenue fell 31.5 percent to $44.8 million during the quarter. U.S. Read More →
PacWest closes American Perspective deal
PacWest Bancorp has wrapped up its $58.1 million acquisition of San Luis Obispo-based American Perspective Bank. The deal adds two branches, a loan production office and about $271 million in assets to Los Angeles-based PacWest’s portfolio and expands its reach up the Central Coast. The deal, first announced in April, trumped an earlier offer for Read More →
Connexity caps funding at $3 million
Ventura-based digital advertising firm Connexity has raised $1.1 million in a financing round led by Santa Barbara-based Rincon Venture Partners with participation from Santa Monica-based Siemer Ventures and has quit seeking seed funding. Connexity was founded by a group of digital ad veterans who previously founded Fastclick, which was sold to Westlake Village-based ValueClick for Read More →
First California hires KBW to test waters for sale
In a move that could foreshadow the sale of the company, Westlake Village-based First California Financial Group has hired an outside investment bank and a law firm to undertake a “strategic review” of the company’s business plan and options. But it is not clear whether the hiring of advisers signals a deal in the works Read More →
Alma Rosa Winery files Ch. 11
Alma Rosa Winery & Vineyards, a Santa Barbara County operation owned by pinot noir pioneer Richard Sanford, has filed for Chapter 11 bankruptcy protections. The company listed assets between $1 million and $10 million and debts between $1 million and $10 million in its July 27 filing. The winery is nestled on Santa Rosa Road Read More →
