Shoebox New York Franchise News

Store Opened in South Surra, Kuwait
NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (PINK SHEETS: NEXC.PK) today announced the opening of the first Shoebox New York® franchised store in the Middle East. The new store opened in the 360° Mall in South Surra, Kuwait under an existing master franchise agreement with master developer Khalid Al-Mutawa.

This agreement, signed in February 2009, provides for the development of at least three Shoebox New York franchised stores in Kuwait over a 10-year term. Additionally, Mr. Al-Mutawa owns the rights to develop TAF™, another NexCen Brands retail footwear concept, in Kuwait, Jordan, Egypt, and Lebanon.

Kenneth J. Hall, Chief Executive Officer of NexCen Brands, Inc...

NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC) today announced the opening of the first international Shoebox New York store in Hanoi, Vietnam. The store held its grand opening on November 28th with a traditional ribbon cutting ceremony. In the first three days following the opening, Shoebox New York sold through approximately one-third of its inventory. This is the first store to open under a master franchise agreement with Le Gia Company Ltd. for a minimum of two Shoebox New York stores in Vietnam. As previously announced, the Company has also signed an agreement with Magneato International, Inc. to open at least 20 Shoebox New York franchised stores in Korea.

"We believe the Shoebox New York brand has significant growth potential both domestically and overseas," stated Kenneth J...

Master Franchisee Expands Company's Presence Globally in Asia

February 25, 2008 // Franchising.com // ATLANTA,- Shoebox New York (Shoebox), a top women's multi-brand retailer for luxury footwear, handbags and accessories, and its parent company NexCen Brands, Inc. (Nasdaq: NEXC) announced the signing of a master franchise agreement in South Korea. The Shoebox expansion leads the first entry for this franchise globally. The agreement with Magneato International, Inc. is for a minimum of 20 stores over a 25 year term.

"We are very excited to be the first to sign a global agreement for the Shoebox concept" said Scott Cho, CEO, Magneato International, Inc. "In conjunction with the initial entrance of Shoebox into South Korea, this is a giant step towards the eventual expansion into the other lucrative high-end luxury Asian Markets...