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. 

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.

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

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.

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.