NexCen restructures debt; CEO exits

NEW YORK NexCen Brands, the struggling parent of Maggie Moo’s and other treat brands, said Friday that it has restructured its lending arrangement after saying earlier this year that it faced a liquidity crisis. Separately, it reported that its chief executive, Robert D'Loren, has resigned and been replaced by chief financial officer Kenneth J. Hall.

NexCen has been working for months to restructure its debt agreement with lender BTMU Capital

Register to view the full article

Register to view this article

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish