NexCen gets some relief amid cash woes

NEW YORK NexCen Brands Inc., parent of Maggie Moo's and other quick-service brands, said it has entered into an agreement with its lender that gives it short-term access to cash in order to continue operating as it works on restructuring the terms of its loan.

Last month, NexCen had revealed that it faced a liquidity crisis that raised “substantial doubt about the company’s ability to continue as a going concern.” The cash shortfall is related to its $93.7

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