Levine Leichtman Buying Franchise Biz of NexCen Brands

Levine Leichtman Capital Partners has agreed to acquire the franchise business of NexCen Brands Inc. (OTC BB: NEXC) for $112.5 million. The deal includes all of NexCen's interests in Great American Cookies, MaggieMoo's, Marble Slab Creamery, Pretzelmaker, Pretzel Time, The Athlete’s Foot and Shoebox New York.

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