Servco buys Subaru dealership on Maui
Servco Automotive has acquired Island Subaru on Maui from Kitagawa Motors for undisclosed terms.
The dealership will do business under the name Servco Subaru on Maui.
The purchase brings to three the number of Subaru dealerships under the Servco name. There are two on Oahu and one now on Maui.
Servco Automotive distributes Toyota, Lexus, Scion and Subaru vehicles and owns and operates dealerships for those brands. It also owns a Chevrolet dealership.
KonaRed to pay fees in patent settlement
KonaRed, a Hawaii company producing beverages made with extract from the fruit of Kona coffee, has agreed to pay another company for alleged patent and trademark infringements.
Kauai-based KonaRed announced Monday that it has settled a lawsuit brought by VDF FutureCeuticals Inc., an Illinois-based company involved with the competing SoZo Coffeeberry drink.
Under the settlement, KonaRed agreed to pay undisclosed fees for VDF patent and trademark rights. The fee obligation is secured by KonaRed property and gives VDF the right to take its fees in the form of KonaRed stock.
The settlement also requires KonaRed to buy its raw materials from VDF starting in 2017.
VDF sued in 2011, alleging that KonaRed infringed on three patents and violated a trademark for "Coffeeberry" by using the term "coffee cherry." KonaRed tried to invalidate VDF’s patents through the U.S. Trademark and Patent Office, but that effort wasn’t successful.
Outrigger acquires 2 properties in Fiji
Hawaii-based Outrigger Hotels and Resorts has expanded its global portfolio with the purchase of two beachfront properties in Fiji.
The transaction closed Friday for an undisclosed price and gives Outrigger full ownership of Outrigger on the Lagoon Fiji and Castaway Island, Fiji, a private island escape accessible only by boat, seaplane or helicopter.
"This acquisition is consistent with the strategic growth of Outrigger in the Asia-Pacific region," said David Carey, president and chief executive officer of Outrigger Enterprises Group. "With over 66 years of experience in tropical resort destinations, our full acquisition of these two beautiful, absolute beachfront properties fits perfectly with our expansion strategies. We plan to have Outrigger resorts in the best beachfront locations in the best resort destinations in the Asia-Pacific region."
Outrigger, which started expanding into the Asia-Pacific region in 2008, has properties or is developing properties in Australia, Vietnam, Mauritius and Phuket and Phi Phi island, Thailand; and on Guam, Bali and Hainan island, China.
ON THE MOVE
Aqua Hotels and Resorts has named Mark Burson resort manager for its Aqua Kauai Beach Resort. He was previously an assistant general manager for Embassy Suites in Montgomery, Ala.
The Building Industry Association of Hawaii has announced that Karen T. Nakamura, chief executive officer, has plans to retire in late 2014. She contributed many years as an active member of the BIA while she was president and chief executive officer of Wallpaper Hawaii. During her membership years she won several recognitions, including BIA Remodeler of the Year and National Association of Home Builders Remodeler of the Year in 1985.
The Queen’s Health Systems has named Robert K.W.H. Nobriga executive vice president and chief financial officer. He was previously executive vice president, finance and operations and chief financial officer of Hawaii National Bank as well as chief financial and operations officer of the University of Hawaii’s John A. Burns School of Medicine.
