Sunday, June 3, 2012

Mr. Kenneth Berg - New Jersey / California Businessman


 Kenneth Berg

"New Jersey Group Makes Offer for A's"
Eugene Register-Guard: March 24, 1960

Abstract:  Young real estate men from Metuchen, New Jersey, Kenneth Berg and Leonard Berg, make an offer to buy the Kansas City Athletics.





"Jersey Realtors Seek Athletics"
New York Times: March 24, 1960

Abstract: Two Metuchen, New Jersey realtors, Kenneth Berg and Leonard Berg, begun negotiations for the transfer of the Kansas City Athletics to the New Brunswick area of New Jersey.

 





"Jersey Fingerprint Rule Stirs Broker Protest"
New York Times: June 21, 1970 

Abstract: A new regulation of the New Jersey Real Estate Commission requiring all brokers and salesmen in the state to be fingerprinted has led to protests from some members of the profession.  Kenneth Berg, president of the commission, describes the fingerprinting rule. 



"Brokers Wary on Mortgage Squeeze"
New York Times: July 29, 1973

Abstract: With mortgage money harder to come by or much more expensive, real estate brokers in New York, New Jersey and Connecticut were watching the financing squeeze last week with attitudes that ranged from wariness to grim discouragement.  Kenneth Berg of the Berg Agency in New Jersey makes a few comments. 


"Berg Enterprises Marks 25th Anniversary"
The Independent: October 29, 1975

Abstract:  Kenneth Berg, president of the board and chairman of Berg Enterprises, Inc., celebrates the 25th anniversary of his company.  Berg Enterprises is reported to be the largest residential real estate organization in the state of New Jersey and the second largest in the nation.



Lee Iacocca Joins Board of Koo Koo Roo Restaurants: [Home Edition]

Los Angeles Times (pre-1997 Fulltext) [Los Angeles, Calif] 14 Aug 1995: 2. 
Koo Koo Roo Inc. said retired Chrysler Corp. President and Chief Executive Lee A. Iacocca has joined the board of the Los Angeles-based fast-food restaurant chain.

 "Lee Iacocca is a national treasure and one of the finest business minds in the world today, and we are delighted to have him join us," said Ken Berg, Koo Koo Roo chairman and chief executive.

Koo Koo Roo, which features flame-broiled skinless chicken, owns and operates restaurants in Los Angeles; Miami Beach, and Atlantic City, N.J.

On June 8, Koo Koo Roo said it raised $10 million in a private placement of new stock and warrants with Iacocca Capital Partners and Jefferies & Co.
Iacocca's merchant banking firm, Iacocca Capital Group, joined with Jefferies Group Inc. to form Iacocca Capital Partners, an investment bank.

Grant K. Ahearn has been promoted to a senior vice president in the energy capital services division of Union Bank.
Ahearn, who joined Union Bank in 1987, manages the project finance department at the Los Angeles offices of the San Francisco-based company, the fourth-largest commercial bank in California.
 
Irvine-based STM Wireless announced that Henry A. Macchio has been appointed vice president and general manager of the company's newly created cellular division.
Macchio will be responsible for the business planning and management of the new division.
He joins STM from Hughes Network Systems, where he was vice president of engineering at the San Diego operation.
 
Credit: Times Staff and Wire Reports
(Copyright, The Times Mirror Company; Los Angeles Times 1995 all Rights reserved)


Deal Puts a Koo Koo Roo With Every Pot; Restaurants: Chain said it has bought pottery studios in an effort to combine crafts, food.: [Home Edition]

White, George. Los Angeles Times (pre-1997 Fulltext) [Los Angeles, Calif] 28 Mar 1996: 7. 
Koo Koo Roo Inc., a fast-growing Los Angeles-based restaurant chain, said Wednesday that it has acquired a small chain of do-it-yourself pottery emporiums in an attempt to combine dining with art.

Koo Koo Roo acquired Color Me Mine Inc., operator of four Los Angeles-area pottery studios where customers paint ready-made ceramics such as vases, bowls, goblets and platters.

The restaurateur plans to build four to six of the craft studios next to new Koo Koo Roos this year.

"Many Koo Koo Roo customers will find it fun to be able to go next-door and enjoy painting ceramics, and most of the Color Me Mine customers will eat before, during or after their visit," said Ken Berg, chairman and chief executive.

Terms were not disclosed. Color Me Mine founders Robin Monroe and Josh Culver will maintain a 10% ownership and continue to operate the studios.

The new business combination is part of a broader Koo Koo Roo expansion. The company operates 18 restaurants, all but three in Southern California, and plans to open 30 more this year and as many as 70 in 1997.

The company plans to build most of them in California, but new restaurants in New York and Miami are also planned, and the company is considering sites in Washington and Denver.

The expansion will be financed by a $33-million private placement of preferred and common shares of Koo Koo Roo stock, a deal closed last week. Among those who have made separate investments recently is former Chrysler Corp. Chairman Lee A. Iacocca, who joined the company's board in August.

The company has also expanded its menu from the original marinated skinless chicken and several side dishes, adding sandwiches and entrees such as turkey and garlic rotisserie chicken and more than 20 side dishes, Vice Chairman Donna Guido said.

The store expansion has taken a toll on the bottom line. Though sales more than doubled in the latest quarter to $6.4 million, Koo Koo Roo reported a loss of $2.7 million. It blamed the loss on expansion costs.

Same-store sales--revenue from restaurants open at least 12 months--rose 14% during the period, the company said.

Credit: TIMES STAFF WRITER
(Copyright, The Times Mirror Company; Los Angeles Times 1996 all Rights reserved)