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Don Sniegowski's picture

A reporter's news story

...the above CEO seems to be doing what he can to turn things around and he should be commended for writing this article. - GUEST

To make things clear, the CEO did not write this article, or conduct the interview. I did.

As the reporter for this story, I spent about 45 minutes in a conference call interviewing CEO Ken Hall and NexCen Franchise Management's president Chris Dull. I created and asked the questions, trying to get to the heart of the issues that NexCen Brands has faced. Some questions seemed to catch Mr. Hall off guard, or at least there was an audible pause, as he thought of an answer.

Mr. Hall and Mr. Dull should be commended for their openness in giving this interview to Blue MauMau, whose readership closely follows the company.

The above article is the first of a three part interview that will shortly be posted.

Ray Borradale's picture

My first question

My first question when I read this about 8 hours ago was;

Does communication mean a reasonable relationship at any time and especially when the franchisor is clawing back from massive loss?

One of the biggest failings by franchisors is a failure to communicate effectively even if a franchisor is of a mind to be interested in franchisee profitability.  One could argue that at times bad franchising communicates its message more clearly; ‘Take it or Leave it and suffer’.

Apart from the stated strategies and initiatives at NexCen is there any relevant information missing on the claw back? How has it effected the various brand franchisees and would they be likely to visit BMM and share their wonderful news? Did franchisees contribute or profit in the claw back?

Oh boy, sounds like Darnelle is back...or if not...someone

with the same intelligence level. Either way, please take an IQ test before posting here again.

Discrepancies that leave a company almost insolvent should not be positioned as 'unintentional oversights' unless you are the CFO of Enron...and I believe Jeff ended up walking the streets of Manhattan drooling on himself after his series of 'unintentional oversights'.

Richard would probably be attacking that 'unintentional oversight' first in a due diligence process because face it, when there's smoke there's usually fire.

Anyway, the above CEO seems to be doing what he can to turn things around and he should be commended for writing this article.

Don't think, just judge. Quick!

If you have evidence to the contrary, let's hear it. So what do you have? Maybe a surveillance tape that shows that management was not ignorant of the amended loan requirements, and that it really was intentionally hidden? Any theories on why there was an intentional oversight of the coming tsunami?

Do you have a statement from the former CFO? CEO? An affidavit from the secretary? Janitor? Resident mouse?

What ya got? Let's hear it. Because I certainly would not want to say that what passes for prudence and due diligence at FranchiseRemedies has not changed one iota.

RichardSolomon's picture

Unintentional oversight? What this article shows if that what

passes for character and integrity at NexCen has not changed one iota.

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