K-Swiss sale to Korean firm closes
E.Land World Limited of Korea closed its $170 million buyout of Westlake Village-based athletic shoe company K-Swiss on April 30, after shareholders of the footwear company overwhelmingly approved the merger. Under the terms of the sale, K-Swiss shareholders will receive $4.75 per share in cash, marking the high point of the company’s 52-week stock price Read More →
Deckers shares plummet as Q1 earnings drop 87%
Shares of Goleta-based Deckers Outdoor Corp. plunged 8.6 percent on Friday as the Ugg boot parent reported first-quarter earnings were a fraction of what they had been a year earlier. Deckers said first-quarter profits were $1 million, or 3 cents per share, compared to $8 million, or 20 cents per share, a year earlier. The Read More →
Heritage Oaks’ Q1 profits jump as bank prepares to pay off TARP
Heritage Oaks Bancorp reported a $3.7 million first-quarter profit, up 131 percent over a year earlier, and said it is gearing up to repay $25 million in bailout funds it took at the height of the recession. The repayment comes with the announcement that two sets of banking regulators have lifted an order over the Read More →
Swiss firm snags Power-One at bargain price
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101 One Hundred & Business Hall of Fame announced
The Business Times is pleased to announce our 2013 class of 101 One Hundred & Business Hall of Fame honorees. This annual special section published with the April 19 print edition. An evening awards reception for the honorees will be held on Tuesday, May 14 at the Four Seasons Resort The Biltmore Santa Barbara. [Buy Read More →
Power-One to be acquired by Swiss firm for $1B
Camarillo-based Power-One, a maker of inverters for solar power systems, is set to be acquired by Swiss industrial group ABB for $6.35 per share in a deal valued at about $1 billion. The deal bookends Power-One’s mid-2000s turnaround strategy. After struggling as a maker of computer power supplies, in 2006 Power-One bought an Italian inverter Read More →
Deckers looks to year-end finish line with new HQ in Goleta
Construction of Deckers Outdoor Corp.’s new 150,000-square-foot campus headquarters at the Cabrillo Business Park in Goleta is well under way.
