http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html The Business of Fashion is an essential daily resource for fashion creatives, business professionals and entrepreneurs in more than 200 countries around the world. Sat, 11 Feb 2012 22:49:45 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-55733 skin whitening Thu, 30 Sep 2010 16:33:07 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-55733 This article is very cool and fashionable. This article is very cool and fashionable.

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-216 LaurenGCrowe Tue, 03 Jun 2008 11:12:35 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-216 The problem here is that NexCen didn't/isn't failing because of the economy or the performance of its brands. It's failing, it seems, because management (in this case d'Loren), although astute in the ways of advanced finance, managed to screw up a loan agreement and promised to pay back money it doesn't have. Perhaps they were overly optimistic about the economy. Perhaps they were asleep at the wheel. Having met D'Loren several times (I talked the FT into inviting him to speak at the conference, that's how impressed I was.) I think the first rather than the later. The problem here is that NexCen didn’t/isn’t failing because of the economy or the performance of its brands. It’s failing, it seems, because management (in this case d’Loren), although astute in the ways of advanced finance, managed to screw up a loan agreement and promised to pay back money it doesn’t have. Perhaps they were overly optimistic about the economy. Perhaps they were asleep at the wheel. Having met D’Loren several times (I talked the FT into inviting him to speak at the conference, that’s how impressed I was.) I think the first rather than the later.

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-217 Ingrid M. Mon, 02 Jun 2008 02:14:33 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-217 This is probably the first of many fashion investments that will fail in the coming months. Warren Buffet is predicting a long and deep recession (Financial Post, May 31st, 2008) and luxury purchases are already in decline (It's Not So Easy Being Less Rich", New York Times, Sunday, June 1, 2008). This is probably the first of many fashion investments that will fail in the coming months. Warren Buffet is predicting a long and deep recession (Financial Post, May 31st, 2008) and luxury purchases are already in decline (It’s Not So Easy Being Less Rich”, New York Times, Sunday, June 1, 2008).

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-218 Randall Mon, 02 Jun 2008 01:47:02 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-218 Naive egoism perhaps, but its hard to not believe this is a case of lime twigs and treachery. NexCen, take a seat between Pegasus and Fin.Part. Your spot in the Fashion Hall of Shame is assured. Naive egoism perhaps, but its hard to not believe this is a case of lime twigs and treachery. NexCen, take a seat between Pegasus and Fin.Part. Your spot in the Fashion Hall of Shame is assured.

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-219 Sara Silver Sun, 01 Jun 2008 00:29:52 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-219 I think someones going to jail. I think someones going to jail.

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-220 Coach Handbags Sat, 31 May 2008 22:36:18 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-220 Yeah hiding out in Mexico is hardly punishment. Most of us would love to have that happen. Yeah hiding out in Mexico is hardly punishment. Most of us would love to have that happen.

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-221 yuki Sat, 31 May 2008 20:27:02 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-221 It is splendid blog and very cool. It is splendid blog and very cool.

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-222 Gentry Lane Fri, 30 May 2008 23:42:13 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-222 When hiding in Mexico is a put on the table as a viable option...ouch. But bankruptcy doesn't necissarily mean dissolution, does it? When hiding in Mexico is a put on the table as a viable option…ouch. But bankruptcy doesn’t necissarily mean dissolution, does it?

]]> http://www.businessoffashion.com/2008/05/nexcen-meltdown-and-mystery.html#comment-223 Lauren Fri, 30 May 2008 02:28:46 +0000 http://www.businessoffashion.net/2008/05/nexcen-meltdown-and-mystery.html#comment-223 I'm curious to see, if the company does indeed come up with the $30 million by selling Blass and Waverly, whether or not they'll just sell off everything anyways and dissolve the company altogether. NexCen was D'Loren's baby, was it not? It's disappointing that the business model didn't work as well as many were hoping it would, but also think there may just have been some shady dealings that investors were unaware of. I’m curious to see, if the company does indeed come up with the $30 million by selling Blass and Waverly, whether or not they’ll just sell off everything anyways and dissolve the company altogether. NexCen was D’Loren’s baby, was it not? It’s disappointing that the business model didn’t work as well as many were hoping it would, but also think there may just have been some shady dealings that investors were unaware of.

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