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Jimmy Z Company

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BUSINESS
February 2, 1990 | MARY ANN GALANTE, TIMES STAFF WRITER
Ocean Pacific, the nation's leading surfwear maker, said Thursday that it has agreed to sell its largest division, Jimmy'Z, to a group including that unit's management for an undisclosed amount. Ocean Pacific signed a letter of intent to sell the division to Jimmy'Z president Dennis Donsker, vice president of sales Don Wood, and two Jimmy'Z licensees, Diane Skilling and Norman Leftkovitz.
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BUSINESS
July 16, 1992
A bankruptcy court judge gave the go-ahead Wednesday for the sale of the dormant Jimmy'Z division of Ocean Pacific Sunwear Ltd. Jem Sportswear in San Fernando has agreed to a down payment of $300,000 for Jimmy'Z, a well-known label for young men's surf-oriented shorts and shirts. Jem would then pay a royalty of 2% of net sales to OP, up to a total of $2.5 million. The deal is expected to close Friday.
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BUSINESS
February 2, 1990
Tustin surf-wear maker Ocean Pacific has agreed to sell its largest division, Jimmy'Z, to a group including the unit's management for an undisclosed amount. Ocean Pacific signed a letter of intent to sell the money-losing division to Jimmy'Z President Dennis Donsker, Vice President Don Wood and two licensees, Diane Skilling and Norman Leftkovitz. The sale comes as Ocean Pacific has been unsuccessfully searching for a buyer for the entire company.
BUSINESS
May 15, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
Another key executive has left Ocean Pacific Sunwear Ltd., Orange County's largest licenser of surf wear, the company disclosed Thursday. OP also said it is negotiating to sell its Jimmy'Z line of casual clothing. John Bernards said he resigned Tuesday as president of the Newport Blue and Jimmy'Z divisions of the Tustin-based apparel giant. OP officials confirmed that they are in the process of selling the Jimmy'Z line of street wear for young men.
BUSINESS
July 16, 1992
A bankruptcy court judge gave the go-ahead Wednesday for the sale of the dormant Jimmy'Z division of Ocean Pacific Sunwear Ltd. Jem Sportswear in San Fernando has agreed to a down payment of $300,000 for Jimmy'Z, a well-known label for young men's surf-oriented shorts and shirts. Jem would then pay a royalty of 2% of net sales to OP, up to a total of $2.5 million. The deal is expected to close Friday.
BUSINESS
November 11, 1987 | MARY ANN GALANTE, Times Staff Writer
After riding the crest of a sales wave for years, a number of companies battling for position in Southern California's surfwear industry appear to be heading for a wipeout. Within the past month, two leaders in the $1 billion-a-year industry have been frantically back-paddling to avoid being swept away. Vernon-based Jimmy'Z, last year one of the hottest of the pack, is about to close a deal to be acquired by Ocean Pacific--the West's reigning clothier of the casual beach set for the past decade.
BUSINESS
November 17, 1990 | CRISTINA LEE, TIMES STAFF WRITER
Ocean Pacific Swimwear Ltd., a Tustin surf-wear maker, said Friday that it plans to reacquire the Jimmy'Z surf-wear trademark that it sold to another Tustin firm, 199Z Inc., last April. "199Z has been unable to meet its obligation to (Ocean Pacific)," said Jim Jenks, Ocean Pacific's chief executive. "(Ocean Pacific) will reacquire the trademark and oversee the brand going forward." "It is our understanding that 199Z Inc.
BUSINESS
May 15, 1992 | CHRIS WOODYARD, TIMES STAFF WRITER
Another key executive has left Ocean Pacific Sunwear Ltd., Orange County's largest licenser of surf wear, the company disclosed Thursday. OP also said it is negotiating to sell its Jimmy'Z line of casual clothing. John Bernards said he resigned Tuesday as president of the Newport Blue and Jimmy'Z divisions of the Tustin-based apparel giant. OP officials confirmed that they are in the process of selling the Jimmy'Z line of street wear for young men.
BUSINESS
November 17, 1990 | CRISTINA LEE, TIMES STAFF WRITER
Ocean Pacific Swimwear Ltd., a Tustin surf-wear maker, said Friday that it plans to reacquire the Jimmy'Z surf-wear trademark that it sold to another Tustin firm, 199Z Inc., last April. "199Z has been unable to meet its obligation to (Ocean Pacific)," said Jim Jenks, Ocean Pacific's chief executive. "(Ocean Pacific) will reacquire the trademark and oversee the brand going forward." "It is our understanding that 199Z Inc.
BUSINESS
February 2, 1990
Tustin surf-wear maker Ocean Pacific has agreed to sell its largest division, Jimmy'Z, to a group including the unit's management for an undisclosed amount. Ocean Pacific signed a letter of intent to sell the money-losing division to Jimmy'Z President Dennis Donsker, Vice President Don Wood and two licensees, Diane Skilling and Norman Leftkovitz. The sale comes as Ocean Pacific has been unsuccessfully searching for a buyer for the entire company.
BUSINESS
February 2, 1990 | MARY ANN GALANTE, TIMES STAFF WRITER
Ocean Pacific, the nation's leading surfwear maker, said Thursday that it has agreed to sell its largest division, Jimmy'Z, to a group including that unit's management for an undisclosed amount. Ocean Pacific signed a letter of intent to sell the division to Jimmy'Z president Dennis Donsker, vice president of sales Don Wood, and two Jimmy'Z licensees, Diane Skilling and Norman Leftkovitz.
BUSINESS
November 11, 1987 | MARY ANN GALANTE, Times Staff Writer
After riding the crest of a sales wave for years, a number of companies battling for position in Southern California's surfwear industry appear to be heading for a wipeout. Within the past month, two leaders in the $1 billion-a-year industry have been frantically back-paddling to avoid being swept away. Vernon-based Jimmy'Z, last year one of the hottest of the pack, is about to close a deal to be acquired by Ocean Pacific--the West's reigning clothier of the casual beach set for the past decade.
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