Deckers races past third-quarter expectations behind strong Hoka sales
Deckers’ attempt to turn its running shoe brand, Hoka One One, into a billion-dollar blockbuster keeps panning out with each quarter that passes. The Goleta-based company again outpaced analysts’ expectations, this time for the third quarter of 2022, as revenue and earnings both shot up thanks in large part to the continuing growth of the Read More →
Benn: Poinsettia Plaza sells for over $60 million
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Limoneria cuts down debt with sale of Tulare property for $100M
The future of Santa Paula-based Limoneira came into sharper focus on Feb. 1 when the company sold a major agribusiness holding in the Tulare area for $100 million, recouping $99 million in cash while also reaching an agreement to grow, pack and market lemons produced on the property. PGIM Agricultural Investments, a unit of PGIM Read More →
Amgen to lay off 300 U.S. workers
Technology layoffs are now hitting the healthcare sector, as Amgen will be laying off 300 people in the United States, the company announced on Jan. 30. The Thousand Oaks-based biotechnology giant said that it is making organizational changes “mainly in our commercial team,” the company’s statement said. “We made these changes to better manage against Read More →
Venture capital spending to keep cooling in ’23 amid economic concerns
By Mike Harris, Special to the Business Times This year will be a cautious one for venture capital investors, panelists at a round table discussion in Westlake Village said on Jan. 18. “I think it will be slow and cautious,” said moderator Scott Alderton, managing partner of Los Angeles-based law firm Stubbs, Alderton and Markiles, Read More →
A fresh face: Avenir, formerly CURE, embraces rebrand
In a continued effort to rebuild its image and set a new standard for the company, CURE Pharmaceutical has rebranded to Avenir Wellness, the company announced on Jan. 17. Formerly located in Oxnard, Avenir’s new headquarters is now in Sherman Oaks, as the company’s decision to rebrand is also the result of its selling of Read More →
Barsky becomes first female athletic director in UCSB history
Kelly Barsky always dreamed of growing up to be an educator. In 2023, she’s not only that but so much more — a true inspiration for women in the world of sports. On Jan. 3, UC Santa Barbara made a historic hire, naming Barsky as the new director of athletics, and in doing so, becoming Read More →
