NexCen Said to Be Eyeing Sale of Bill Blass Brand
NexCen Brands is moving quickly to see which assets can be shed to raise cash and help it stave off a near-term financial disaster. Industry sources said that home brand Waverly is the first asset NexCen could shed — followed closely by Bill Blass.
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Wholesale prices for domestically produced women’s and girls’ apparel rose 0.1 percent in April compared with the previous month, but dropped 0.2 percent from a year ago, the Labor Department said Tuesday in its Producer Price Index.
Acknowledging the difficult economy and the company’s flagging sales after five years of strong performance, Nordstrom Inc. executives on Tuesday sought to reassure shareholders at the company’s annual meeting about how they are pushing forward.