Exhibit 21.1

SUBSIDIARIES OF NEXCEN BRANDS, INC.

Subsidiary	Jurisdiction of Incorporation
NexCen
Nexcen Brands, Inc. (F/K/A Aether Holdings, Inc.)	Delaware
Nexcen Holding Corp. (F/K/A NexCen Acquisition Corp. and formerly NexCen Franchise Brands, Inc.)	Delaware
NexCen Franchise Management, Inc.	Delaware
NexCen Brand Management, Inc.	Delaware
NexCen Fixed Asset Company, LLC	Delaware
NexCen Asset Acquisition, LLC	Delaware
Athletes Foot
Athlete's Foot Brands, LLC	Delaware
Athlete's Foot Marketing Support Fund, LLC*	Delaware
Bill Blass:
Bill Blass International, LLC	Delaware
Bill Blass Jeans, LLC	Delaware
Bill Blass Holding Co., Inc.	Delaware
Bill Blass Licensing Co., Inc.	New York
Great American Cookies
GAC Franchise Brands, LLC	Delaware
GAC Franchising, LLC	Delaware
GAC Brand and Marketing Fund, LLC*	Delaware
GAC Supply, LLC	Delaware
GAC Manufacturing, LLC (formerly GAM Assets)	Delaware
NB Supply Management Corp	Delaware
Marble Slab:
Marble Slab Franchise Brands, LLC	Delaware
Marble Slab Franchising, LLC	Delaware
Marble Slab Brand and Marketing Fund, LLC*	Delaware
Maggie Moos
Maggie Moo's International, LLC	Delaware
Maggie Moo's Franchising, LLC (Formerly Maggie Moo Master Franchise, LLC)	Delaware
MaggieMoo's Franchise Brands, LLC (Formerly NexCen Creamery & Treatery, LLC)	Delaware
MaggieMoo's Brand and Marketing Fund, LLC*	Delaware
Pretzelmaker
PM Franchise Brands, LLC	Delaware
PM Franchising, LLC	Delaware
PM Brand and Marketing Fund, LLC*	Delaware
Pretzel Time
PT Franchise Brands, LLC	Delaware

PT Franchising, LLC	Delaware
PT Brand and Marketing Fund, LLC*	Delaware
Shoe Box
Shoe Box Holdings, LLC	Delaware
Shoe Box Franchise Brands, LLC	Delaware
Shoe Box Franchising, LLC	Delaware
Shoe Box Brand and Marketing Fund*	Delaware
Waverly
WV IP Holdings, LLC	Delaware
UCC:
UCC Capital Corp. (formerly AHINV)	Delaware
Aether:
Aether Systems, Inc.	Delaware
Aether Capital, LLC	Delaware
Cerulean Technology, Inc. (formerly Aether Mobile Government)	Delaware

* Marketing funds are entities with which the company is not the primary beneficiary, and are therefore not included in the company's financial statements.