NEXCEN BRANDS, parent of The Athlete’s Foot
NEXCENBRANDS, parent of The Athlete’s Foot franchised operation,says it reduced operating expenses and improved cash flows in the period endedSep. 30. Revenues from continuing operations within its franchise businessesgrew 85% to $12.0 million from $6.5 million, boosted by the acquisitions ofShoebox New York and Great American Cookies. Franchise fee revenue dipped 73%to $400,000 from $1.5 million in Q3. There was $2.2 million in initialfranchise fees ... Log in to view full article.
