NexCen in talks with potential buyers of Bill Blass, Waverly businesses

By Lisa Kerner

Charlotte, N.C., Sept. 11 - NexCen Brands, Inc., as part of its review of strategic alternatives, has received "multiple bids" for its Bill Blass and Waverly businesses.

The company said it is in active discussions and supporting diligence for the sale of each business.

In the meantime, NexCen continues to execute on its business restructuring plan focused on the franchising business, according to a company news release.

Last month, NexCen closed on a $175.6 million amended and restated credit facility and announced that Robert W. D'Loren resigned as the company's chief executive offer and as a member of NexCen's board of directors. Executive vice president, chief financial officer and treasurer Kenneth J. Hall was tapped to replace D'Loren, it was previously reported.

New York-based NexCen acquires and manages global brands, including Bill Blass and Marble Slab Creamery.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.