Oracle CEO Larry Ellison’s Nikita Malibu has closed. Matt Kang:
Does this mean that the concept is changing in the new year? Certainly Ellison, who’s been on a real estate binge in Malibu over the past few years, can afford to keep even an albatross such as Nikita afloat. Open for just a year and a half, Nikita is one of many premiere dining destinations in Malibu that offer near perfect ocean views, but it just couldn’t keep up with the competition.
Oracle stock is doing well but what’s happening to Ellison’s empire? Most of the island of Lanai is closing for renovation. And now, no more Nikita Malibu. And what competition? Is Malibu known for fine dining?