TITLE

The Athlete's Foot Parent Faces Tough Decisions

PUB. DATE
June 2008
SOURCE
SGB;Jun2008, Vol. 41 Issue 6, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the threat for the discontinuation of operations of the NexCen Brands, the owner of the Athlete's Foot franchise brand. It notes that the company is unable to finance its operations and its bank credit facility. However, the company is exploring strategic alternatives to solve its financial matters including potential capital market transactions.
ACCESSION #
32801489

 

Related Articles

  • Profit Scarce as NexCen Revenues Soar.  // Home Textiles Today;3/24/2008, Vol. 29 Issue 9, p13 

    The article reports on the financial loss experienced by brand management firm NexCen Brands in the U.S. Despite the soar of its revenue from $1.9 million in 2006 to $34.4 million, NexCen reported a net loss of $4.6 million in 2007. Robert D'Loren, chief executive officer (CEO), stated that they...

  • Nexcen Report Lists Blass As Discontinued. Young, Vicki M. // WWD: Women's Wear Daily;9/24/2008, Vol. 196 Issue 64, p15 

    The article reports on the plan of Nexcen Brands Inc. to discontinue the operations of Bill Blass Couture and Waverly Inc. in the U.S. According to the author, the decision of the company comes after Bill Blass remained to incur financial losses as well as declined in its sales performance. In...

  • The Extent of Earnings Management in the U.S. and Germany. Glaum, Martin; Lichtblau, Karl; Lindemann, Jens // Journal of International Accounting Research;2004, Vol. 3 Issue 2, p45 

    This paper compares the extent to which U.S. and German companies manage their earnings in order to exceed earnings thresholds. Following Burgstahler and Dichev (1997), we analyze the distribution of earnings to discover whether U.S. and German firms have managed reported earnings in order to...

  • Nexcen To Tap Into Additional Cash. Young, Vicki M. // WWD: Women's Wear Daily;8/12/2008, Vol. 196 Issue 32, p17 

    The article reports on the letter of agreement entered between NexCen Brands Inc. and BTMU Capital Corp. that extends a forbearance period by one week. The agreement gives NexCen access to additional cash from its lockbox accounts and limited forgiveness from certain alleged defaults. NexCen...

  • Athlete's Foot deal schools on liens. D. M. // Asset Securitization Report;3/26/2007, Vol. 7 Issue 12, p5 

    The article reports on the move of NexCen Brands Inc. to use a $150 million revolving credit warehouse facility to finance its projects. Under the terms of the facility, NexCen is expected to yield $26.5 million to advance its acquisition of Athlete's Foot Group Inc. or use it to purchase other...

  • Repairing Brand Central. Pasquarelli, Adrianne // Crain's New York Business;11/10/2008, Vol. 24 Issue 45, p41 

    The article presents information on chief financial officer (CEO) Ken Hall's contribution to NexCen Brands Inc. When NexCen could not cover a balloon payment due on a loan that was taken to acquire the Great American Cookies brand, Hall renegotiated the terms of the repayment with NexCen's...

  • NEWS DIGESTS.  // Nation's Restaurant News;7/14/2008, Vol. 42 Issue 27, p12 

    The article presents news briefs relevant to restaurants in the U.S. as of July 2008. The New York-based NexCen Brands Inc., parent several quick-service brands had entered into an agreement with its lender that provides short-term access to cash to continue operating amid a debt restructuring...

  • Nexcen Gets Additional Financing, Sees Interest In Brands. Clark, Evan // WWD: Women's Wear Daily;6/23/2008, Vol. 195 Issue 132, p2 

    The article reports that NexCen Brands Inc. has generated additional financing through a deal with BTMU Capital Corp. The deal would give NexCen access to additional cash from its lockbox accounts and limited forbearance from certain alleged defaults. According to Robert W. D'Loren, chief...

  • Potential Buyers Lining Up To Bid On Blass. Lockwood, Lisa; Young, Vicki M.; Feitelberg, Rosemary // WWD: Women's Wear Daily;5/27/2008, Vol. 195 Issue 112, p6 

    The article presents information on the plans of NexCen Brands Inc. to sell its design-house Bill Blass and home line Waverly. NexCen has hired Financial Dynamics to handle its investor relations work. NexCen president and chief executive officer Robert D'Loren said that NexCen will be focusing...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics