California: April 27, 2001
Nearly 25 percent of Orange County business leaders said they planned to relocate part or all of their operations within the next five years in the face of rising energy, labor and housing costs in the region, according to a recently released University of California-Irvine survey; the study also found that 44 percent of manufacturers have been approached by out-of-state recruiters to encourage them to relocate...Hot Topic founder and former chief executive officer Orval Madden has resigned as board director for the company; he will remain as a consultant to the company...Los Angeles-based contemporary line Bisou Bisou plans to shutter its private label business to focus on its branded apparel and retail businesses.
