Pentland invests in Santa Barbara shoe designer SeaVees
United Kingdom-based Pentland Brands Limited announced an investment in Santa Barbara shoe designer SeaVees for an undisclosed amount March 15. The deal is part of an ongoing portfolio development program by the company, Pentland said in a news release. The deal will help SeaVees, a brand established in the 1960s and relaunched in 2010, grow Read More →
SLO County supervisors deny Phillips 66 rail spur project appeal
After more than a full day of listening to public comments, the San Luis Obispo County Board of Supervisors voted March 14 to deny the Phillips 66 rail spur project. The board voted 3-1 to uphold the SLO County Planning Commission’s decision in October to deny a permit application for the project, which called for Read More →
Breast implant maker Sientra narrows fourth quarter losses
Goleta-based breast implant manufacturer Sientra reduced its net losses for the fourth quarter of 2016 to $8.1 million, compared to $28.3 million for the same period the year prior. The company also reported $6.5 million in net sales for the fourth quarter of 2016, compared to $1.5 million for the same period in 2015. “The Read More →
Oppenheimers give $5.5 million to French Hospital Medical Center
Story updated at 12:20 p.m. March 14: French Hospital Medical Center in San Luis Obispo has received a $5.5 million donation from Peter Oppenheimer, former chief financial officer of Apple, and his wife Mary Beth. The largest gift in the history of the hospital will be used to expand and modernize emergency services. “Built in Read More →
Limoneira narrows first quarter losses
Net losses and operating losses for Santa Paula citrus grower Limoneira fell by almost half for the first quarter of fiscal year 2017, compared to the same period last year, on a 12 percent increase in revenue. Net loss applicable to common stock was $2.2 million for the quarter, down from $4.1 million in the Read More →
Former iPayment executives face embezzlement charges
The U.S. Securities and Exchange Commission charged two former iPayment executives March 10 with causing an estimated $11.6 million in losses to the Westlake Village company through fraudulent accounting practices including false expense reimbursements and inflated invoices. Criminal charges were also brought by the U.S. Attorney’s Office for the Central District of California against the Read More →
Goleta’s Resonant expands licensing with customer
Goleta radio frequency front-end filter designer Resonant announced additional licensing with an existing customer March 9. The agreement provides for the development and licensing of two kinds of filters and a new design for Resonant called a Quadplexer, targeting the Chinese market. The products will use a Chip Scale Packaging design and the two filters Read More →
