Today's news for the franchise & small biz owner

Log In / Register | May 23, 2013

NexCen Sells Franchises to Private Equity Firm Affiliate

NexCen, which has been in the news for some time for getting into deep financial difficulty over an accelerated-redemption payment connected with its acquisition of the Great American Cookies, a

NexCen Losses Shrink, but Insolvency Concerns Remain

NEW YORK CITY—NexCen Brands Inc. filed its 2009 10-K annual statement Friday, reporting a net loss of only $2.8 million, a remarkable 1 percent of 2008's $256 million net loss.

NexCen Restructures Debt, CEO Leaves

NEW YORK (Blue MauMau) - NexCen Brands, franchisor to such diverse concepts as The Great American Cookie, The Athlete's Foot, Maggie Moo's Ice Cream and other retail chains, has come to an arrangement with its lender, BTMU Capital Corp, on what many had expected to result in a possible filing of bankruptcy next week.