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NexCen owns and manages seven brands covering Quick Service Restaurants ("QSR"), retail and apparel, generating revenue through the franchising of those brands worldwide. NexCen's franchised brands include five QSR brands: Great American Cookies, MaggieMoo's, Marble Slab Creamery, Pretzel Time and Pretzelmaker and two franchised retail concepts: The Athlete's Foot and Shoebox New York. NexCen currently has approximately 1,900 franchised and licensed stores across its brands, located in over 42 countries worldwide.
The Company's strategy is to create value for its stakeholders (including shareholders and franchisees) through the franchising and marketing of its brands. NexCen, through its advertising, marketing and public relations teams, markets its brands to continually drive greater consumer awareness and brand equity for each of its brands and grow its presence worldwide through its network of franchised retail outlets. NexCen also recognizes that, as a royalty-based business, its success depends upon the success of its franchisees and through its franchisee support network, advanced information-technology systems, and real estate and store opening support teams, continually seeks to provide a turn-key solution and create value for its business partners.
RETAIL FRANCHISING
http://www.nexcenbrands.com/port_taf.html
http://www.nexcenbrands.com/port_shoebox.html
QUICK SERVICE
RESTAURANT (QSR) FRANCHISING
http://www.nexcenbrands.com/port_qsr_maggiemoos.html
http://www.nexcenbrands.com/port_qsr_marbleslab.html
http://www.nexcenbrands.com/port_qsr_pretzelmaker.html
http://www.nexcenbrands.com/port_gac.html
*From Mrs. Fields Famous Brands, LLC.
1330 Avenue of the Americas
40th Floor
New York, NY 10019-5400
United States - Map
Phone: 212-277-1100
Fax: 212-277-1160
Web Site: http://www.nexcenbrands.com
DETAILS
Index Membership: N/A
Sector: Financial
Industry: Diversified Investments
Mr. David S. Oros , 49
Founder and Chairman
No Photo Available
KENNETH J. HALL
Chief Executive Officer
Mr. Hall joined the Company on March 25, 2008 as Executive Vice President, Chief Financial Officer and Treasurer. He was appointed Chief Executive Officer on August 15, 2008. Mr. Hall is a seasoned executive with more than 25 years of cross-functional operating, strategic and financial leadership experience. He has driven growth and bottom-line results for public and private companies across a variety of industries. As an executive of middle-market global companies with revenues up to $1 billion, his experience has spanned all core operations and market sectors.
He has held executive leadership positions with NYSE and NASDAQ listed companies as well as private companies, including Global DirectMail, Icon CMT Corp., the National Football League and Mercator Software, where he helped lead its financial turnaround following a financial restatement and SEC investigation. Ken has worked closely with the Wall Street community and has successfully executed company mergers and acquisitions and interacted extensively at the board level on strategic and Corporate Governance matters.
Prior to joining NexCen, Mr. Hall most recently served as Chief Financial Officer and Treasurer of Seevast Corp, a leading online-media holding company comprised of ad networks, Pulse 360 and Kanoodle, as well as a domain asset management company, Moniker, for which Mr. Hall led a successful sale process.
Mr. Hall holds a B.S. in Finance from Lehigh University and a M.B.A. from Golden Gate University. He is a member of the National Association of Corporate Directors.
BUSINESS SUMMARY
NexCen Brands, Inc. engages in the acquisition, management, and licensing of intellectual property (IP) and IP-centric businesses. The company acquires, manages, and develops intellectual property of IP-centric companies, which own, license, or otherwise possess rights to trademarks, trade names, copyrights, patents, trade secrets, and other intangible assets. It focuses on assembling a diversified portfolio of IP-centric companies operating in the consumer branded products, including apparel, footwear, sporting goods, home furnishings, and other hard and soft consumer branded products; franchise industries; quick service restaurant franchising; and retail franchising. The company also involves in the marketing, promotion, and quality control of products and services that make use of its IP, as well as provides certain merchandising, purchasing, and training support services with respect to franchise operations. NexCen Brands was founded in 1996. It was formerly known as Aether Holdings, Inc. and changed its name to NexCen Brands, Inc. in 2006. The company is headquartered in New York, New York.
State Of Incorporation
DE
Jurisdiction Of Incorporation
USA
SEC Reporting Status
SEC Reporting Company
CIK
0001093434
Outstanding Shares
56.6 mil
Float
48.0 mil
Number of Share Holders of Record
469 as of Mar 16, 2007
Transfer Agent
ComputerShare Investor Services
P.O. Box 43023
Providence, RI 02940-3023
Accountants
KPMG LLP
111 South Calvert St. 25th Floor
Baltimore, MD 21202
Phone: 410-949-8500
Fax: 410-949-2815
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http://finance.yahoo.com/q?s=nexc
Headlines
http://finance.yahoo.com/q/h?s=NEXC
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Community News
January 29, 2008 - 4:15 PM EST
NexCen Brands Acquires the Great American Cookie Company(R) From Mrs. Fields Famous Brands Acquisition Will Bolster NexCen's Quick Service Restaurant ('QSR') Operating Segment And Increases Franchise Locations From, 1,600 To 1,900
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- NexCen Brands, Inc. (Nasdaq: NEXC) ('NexCen') announced today that it has acquired the Great American Cookie Company ('Great American Cookies') from Mrs. Fields Famous Brands, LLC ('Mrs. Fields'). The purchase price of the transaction is $93.7 million, and consists of approximately $89.0 million of cash and NexCen common stock valued at approximately $4.7 million. This transaction adds another premium treat brand to the four brands in NexCen's quick service restaurant (QSR) portfolio, which include the premium, hand-mixed ice cream chains MaggieMoo's and Marble Slab Creamery, as well as the hand-rolled pretzel chains Pretzel Time and Pretzelmaker. The Great American Cookies acquisition marks the ninth brand added to NexCen Brands portfolio and increases its franchise locations from 1,600 to 1,900 locations worldwide.
Founded in 1977, the Great American Cookie Company provides cookies, cupcakes, brownies, and smoothies to a diverse and loyal customer base. The company has demonstrated more than 30 years of consistent growth and is the number one mall-based cookie system in the United States. As of December 31, 2007, Great American Cookies had nearly 300 franchised units primarily located in the continental United States.
Commenting on the acquisition, Robert W. D'Loren, President and CEO of NexCen, stated, 'Great American Cookies is a great opportunity for us to enter the cookie business with a premium cookie brand that has grown consistently over the years. The brand is representative of the acquisition opportunities NexCen has targeted to grow our QSR segment and to increase sales in our existing ice cream and pretzel concepts. The addition of this brand to our QSR portfolio provides NexCen with nearly 300 additional doors for the delivery of quality treat products, and broadens our franchise offering for interested franchisees, both domestically and internationally.'
Stephen Russo, President and Chief Executive Officer of Mrs. Fields, added, 'NexCen Brands' acquisition of Great American Cookies will enable Mrs. Fields to focus on our core business strategy, with the comfort and belief that NexCen's franchise model will continue to build this brand. We are exploring opportunities to make additional investments in our brands in accordance with our indenture requirements, and are pleased with our progress to date.'
For a portion of the purchase price, NexCen accessed its debt facility with BTMU Capital Corporation, which was increased from $150 million to $181 million. Theodore J. Gaffney, Executive Vice President of BTMU Capital Corporation, commented: 'We are pleased with our relationship with NexCen Brands and its recent business activities. Our facility has continued to allow NexCen to finance its acquisitions under the terms of the master loan agreement and build a well diversified pool of assets.'
For the 12 months ended December 31, 2007, aggregate pro forma unaudited revenues and operating income for the Great American Cookie Company were approximately $26 million and $13 million, respectively. NexCen expects this transaction to be accretive beginning in 2008. Forward twelve months revenues and operating income are expected to be $27 million and $14 million, respectively.
About Great American Cookies(R)
Founded in 1977 on the strength of an old family chocolate chip cookie recipe, the Great American Cookie Company has set the standard for gourmet cookie sales in shopping centers nationwide. With a strategy and quality product that has propelled over 30 years of consistent growth, Great American Cookies now leads as the number one mall-based cookie system. At Great American Cookies, the customer is able to enjoy the things that make life sweet. Whether they want a delicious fresh cookie, brownie or cookie cake, they will find a celebratory, fun environment with high quality, superior products.
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NexCen Brands to Offer Freshens Products
05/08/2008 @ 5:20AM
Source : Business Wire
NexCen Brands Inc. (Nasdaq: NEXC), owner of the Marble Slab Creamery, MaggieMoo’s, Pretzel Time, Pretzelmaker, and Great American Cookies franchised brands, has entered into a co-branding agreement with Freshëns® Quality Brands, a provider of freshly-blended fruit smoothies in more than 1,200 locations nationwide.
The companies have agreed to offer NexCen’s pretzel and cookie franchisees the opportunity to add Freshëns smoothies in a co-branded store. This opportunity is available to approximately 650 NexCen franchised stores.
“Freshëns smoothies offer a complementary new product line to our pretzel and cookie franchise stores that will drive increased store sales,” said NexCen CEO Robert W. D’Loren. “We have conducted product tests with Freshëns for a number of months, with very favorable results. Many of our franchisees are enthusiastically planning to add Freshëns products.” “This is an ideal opportunity to extend the distribution of Freshëns products through a growing network of premium quality franchise operators,” said John Stern, CEO of Freshëns. “We look forward to working with NexCen to extend our strong history of beverage innovation to a new partner.” The NexCen-Freshëns strategic agreement also includes testing of co-branded ice cream and yogurt stores. The agreement is part of an ongoing initiative to expand the menus in NexCen’s 1,250 franchised quick service restaurants. http://www.freshens.com/home.html
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