NexCen Brands, Inc. today announced the opening of the first TAFTM, previously known as The Athlete’s Foot®, franchised store in Africa. The store opened in Gaborone, Botswana, the capital and largest city of the country.
This is the first store to open under the existing TAF master franchise agreement, signed in October 2008, which allows for three stores to be opened in Botswana and Namibia over 10 years.
Kenneth J. Hall, Chief Executive Officer of NexCen Brands, Inc., stated, “We continue to expand the global footprint of each of our franchised brands. Our team remains focused on securing agreements with franchisees that understand and recognize the best opportunities to penetrate emerging markets, including those in Africa, and to ‘export’ the brand equity that we have created domestically.â€
