NexCen Brands Named a Top Franchise for Minorities
Franchisor ranks near top of annual listing by National Minority Franchising Initiative.
-- Chain Leader, 11/18/2009 8:29:00 AM
PRESS RELEASE: NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc., (PINK SHEETS: NEXC.PK) owner of multiple QSR and retail franchise concepts, has been recognized as one of the top five friendliest franchises for minorities by the National Minority Franchising Initiative (NMFI). This is the second year in a row that NexCen has been included in NMFI's "50 Top Franchises for Minorities". As part of this ranking, NexCen was included in a special "Franchising Today" section in the October 2nd edition of the national newspaper USA Today. NexCen Brands' TAF(tm), previously known as The Athlete's Foot(r), was included in the first NMFI rankings when the list was initiated in 2007.
"Continuing to identify and explore new growth markets, both here in the U.S. and internationally, is a primary focus for our company," said Chris Dull, president of NexCen Franchise Management, the franchising subsidiary of NexCen Brands. "Our multi-brand franchisee family consists of hundreds of diverse franchisees and we're always looking for innovative and exciting ways to effectively engage highly qualified entrepreneurs who can bring our products to new locations and customers."
The NMFI Top 50 list is compiled annually to recognize companies that have demonstrated a focus on recruiting and supporting minority franchisees into their systems. Inclusion is based on the companies' overall minority recruitment programs, percentage of minority franchisees currently within their systems and the percentage of minorities in key positions within the franchisors' management.
"I have worked with NexCen for many years and continue to be impressed with their commitment to the recruitment of minorities and, more importantly, their support of franchisees as well as their focus on expanding their brands through superior products," said Rob Bond, co-founder of the NMFI.
The NMFI selected the 50 Top Franchises from a wide variety of participating companies. Franchisors seeking consideration had to have more than 50 operating units and were asked to complete a basic questionnaire including, among other things, details on their minority franchisee representation and incentive programs. Each participating franchisor was also required to submit its most recent Franchise Disclosure Document (FDD) and marketing materials. The complete 2009 listing of the 50 Top Franchises for Minorities can be viewed here: http://www.worldfranchising.com/download/2009Top50Article.pdf.
About NexCen Brands, Inc. (www.nexcenbrands.com)
NexCen Brands, Inc. is a strategic brand management company with a focus on franchising. It owns a portfolio of franchise brands that includes two retail franchise concepts: TAF(tm) and Shoebox New York(r), as well as five quick service restaurant (QSR) franchise concepts: Great American Cookies(r), MaggieMoo's(r), Marble Slab Creamery(r), Pretzelmaker(r) and Pretzel Time(r). The brands are managed by NexCen Franchise Management, Inc., a subsidiary of NexCen Brands.
