NEW YORK — Cash-strapped NexCen Brands Inc. is exiting its consumer brands and licensing business and selling design-house Bill Blass and home line Waverly. And there is no shortage of financial suitors.
Sources said NexCen last week cleaned house, letting go employees from multiple departments that were deemed non-essential. In addition to support staff, hard hit were the investor relations and marketing departments. NexCen last week hired Financial Dynamics to handle its investor relations work. The firm on Friday said NexCen had received a notice of delisting from the Nasdaq. It was expected by NexCen, which last week said it would file an appeal. Pending a decision, the company's stock will remain listed on Nasdaq.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"