NexCen Brands Appoints New Chief Financial Officer

Don Sniegowski — Thu, 13 Nov 2008 12:21:51 -0800

NexCen Brands Inc., parent company of Maggie Moo's, The Athlete's Foot, Great American Cookies, Pretzel Time, Pretzel Maker, Marble Slab Creamery, Shoe Box New York and non-franchised Bill Blass, announced yesterday the appointment of Mark Stanko as its new chief financial officer, along with news of the appointments of several other key executives.

NexCen Restructures Debt, CEO Leaves

Don Sniegowski — Sat, 16 Aug 2008 03:44:57 -0700

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.

NexCen Grabs Extra Time From Lender

Don Sniegowski — Fri, 18 Jul 2008 10:56:28 -0700

NEW YORK (Blue MauMau) - NexCen Brands, Inc. announced this morning that it has managed to stave off immediate bankruptcy proceedings after interest payment on a sizeable loan came due yesterday.

Franchise Operators Deal With Kleins Jewellery Bankruptcy

Jenny Buchan — Sat, 24 May 2008 01:42:41 -0700

AUSTRALIA (Blue MauMau) - Australian franchise chain Kleins Jewellery seems to be heading towards bankruptcy and experts and franchisees are only now beginning to grapple with what to do when their

NexCen President Calms Franchisees' Fears

Janet Sparks — Thu, 22 May 2008 18:06:23 -0700

NORCROSS, Georgia (Blue MauMau) - In an interview, Michael "Chris" Dull, president of NexCen Franchise Management, Inc., the franchising branch of NexCen Brands, Inc., said they are doing everything they can to keep franchisees abreast of the latest developments regarding the company's financial turmoil.

NexCen Doubtful of Surviving

Janet Sparks — Tue, 20 May 2008 17:54:49 -0700

NEW YORK (Blue MauMau) - NexCen Brands stock plunged 77 percent yesterday after warning that it faced a severe cash squeeze and had "substantial doubt" that it will remain in business.

Retailers Focus on Raising Customer Service during Bad Economy

Don Sniegowski — Mon, 19 May 2008 15:14:36 -0700

MIAMI, Fla. (Blue MauMau) - According to a new research report, retailers this year are concentrating on improving customer services while keeping down payroll costs. 56% of respondents ranked improving customer service as their top priority during this soft economic time.

Find the Right Franchise for You in Your Local Store

Don Sniegowski — Fri, 09 May 2008 15:02:59 -0700

WEST PALM BEACH, Fla. (Blue MauMau) - A Florida company, FranchiseMart, is matching buyers with franchise concepts at storefronts.

Hurricanes, Hugo Chavez Are the Nature of CITGO Franchisee Litigation

Janet Sparks — Thu, 27 Mar 2008 07:34:38 -0700

HOUSTON (Blue MauMau) - A legal battle is escalating between gasoline refiner and supplier CITGO Petroleum Corporation and a 14-year veteran franchise owner of 39 branded gasoline stations operating in America's heartland of Illinois, Wisconsin, Indiana and Iowa.

Franchisees See 7-Eleven's Massive Expansion as Commitment

Janet Sparks — Mon, 07 Jan 2008 17:50:25 -0800

Convenience Store Chain Plans to Convert Hard-Pressed Independent Stores into 7-Eleven System

DALLAS (Blue MauMau) - In regards to the announcement made last summer by 7-Eleven's Japanese parent company, Seven & I Holdings, that a $2.4 billion growth strategy plan was in the works in the U.S. over the next four years. New York franchisee Tariq Khan feels that the expansion showed commitment from the company to the franchise system. Khan, who served as the National Chairman of the National Coalition of Associations of 7-Eleven Franchisees for the past ten years, said, "That is a good benefit for 7-Eleven corporate, which could add to the company's bottom line."

But Margaret Chabris, 7-Eleven's public relations and marketing director in Dallas, said the $2.4 billion growth plan was a figure quoted in a Nikkei Japanese story (Reuters) which 7-Eleven corporate never talked about. She said, "That figure for expansion would include remodels for existing stores, as well as remodels of stores that convert to the 7-Eleven brand under their "business conversion program," which started in 2005. And she said it includes acquisitions, such as White Hen Pantry.