January 12, 1989
Wickes Cos. of Santa Monica has sold its Yorktowne Inc. subsidiary to a group of institutional investors affiliated with Berkeley International Capital Corp. and members of Yorktowne's management.
May 25, 1993 |
Ocean Pacific Names CEO: Ocean Pacific Apparel Corp. announced Monday that it has appointed John Warner as its chief executive officer. Ocean Pacific Apparel was formed in April when Berkeley International Capital Corp. in San Francisco acquired the assets of Ocean Pacific Sunwear Ltd., which had been operating under bankruptcy court protection. The company, based in Tustin, licenses active sportswear under the OP label. Warner, formerly a senior merchandiser with May Co.
May 1, 1993
Ocean Pacific Sunwear Ltd., which entered U.S. Bankruptcy Court nearly a year ago, on Friday sold its remaining assets to San Francisco-based Berkeley International Capital Corp. in a deal that included $10 million in cash and an estimated $7 million in bonds. The sale previously was cleared by a U.S. Bankruptcy Court judge in Santa Ana.
February 6, 1993 |
Bankruptcy Judge OKs OP Sunwear Sale: A U.S. Bankruptcy Court judge in Santa Ana on Friday approved the proposed sale of Ocean Pacific Sunwear Ltd. to a San Francisco investment group. Judge James N. Barr ruled that the sale of the Irvine-based surf wear giant could go ahead with the $21-million sale to Berkeley International Capital Corp., a move that will lift the company out of bankruptcy, said OP Senior Executive Vice President Mike Balmages.
August 5, 2004 |
Ocean Pacific Apparel Corp., the Irvine-based clothier that once epitomized the country's surfing craze, will be acquired by Warnaco Group Inc., the companies said Wednesday. Warnaco -- the New York-based maker of Speedo swimsuits, Olga bras and Calvin Klein jeans -- will pay the investment group Doyle & Boissiere Fund I $40 million and assume $1 million in debt if regulators approve the deal. Warnaco said it was attracted to Ocean Pacific's "brand equity."