Deckers Outdoor Corp. and the former Pacific Capital Bancorp, two of the biggest names in tri-county business, were the targets of a KPMG auditor who leaked their financial information to a golf partner and now faces federal criminal insider trading charges, according to prosecutors. Scott London, a former partner in charge of the accounting firm’s Read More →
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Deckers Outdoor Corp., the parent company of the billion-dollar-a-year Ugg brand, has quietly acquired a small running shoe firm best known among elite ultra-marathon racers. Goleta-based Deckers took a stake in Hoka One One in July 2012 and completed a buyout of the firm in September 2012. The brand, acquired for an undisclosed amount, adds Read More →
Santa Paula-based Limoneira Co. told shareholders on March 26 that it expects a 25 percent jump in lemon sales and a record avocado crop in 2013. CEO Harold Edwards said avocados could hit 18 million pounds this year — up 50 percent from 2012. But because of strong production and higher volumes, avocado prices will Read More →
Shareholders in First California Financial Group voted overwhelmingly in favor of merging the bank into rival PacWest Bancorp at a March 20 meeting. Investors in the Westlake Village bank cast 23.4 million votes in favor of the $233 million deal, with 212,252 shares voting against the proposal and 5,865 abstaining. The deal still requires regulatory Read More →
A recovery is taking hold across the region’s mid-sized banks, marked by higher profits and climbing share prices. Ventura-based County Commerce bank’s share price is up about 7 percent year-to-date, coming off of the bank’s most successful year so far. “Growing during an economic downturn is not easy, as you know,” CEO Joe Kruetz told Read More →
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