NEW YORK NexCen Brands Inc., the embattled franchisor of five quick-service chains and four retail or consumer products brands, reported Tuesday that revenues from its franchising business totaled $12.0 million for the second quarter ended June 30, up from revenues of $4.7 million a year ago, mainly on new franchise sales. Despite credit trouble, asset impairment charges and corporate layoffs, NexCen said franchised locations totaled 1,895 in the second quarter versus 1,174 locations ...
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Contact: Desiree Torres Desiree.Torres@penton.com