Next Creations, Alok Form Joint Venture
July 30, 2010,
NEW YORK--Next Creations, parent company of Raymond Waites Design, and Alok International have formed a joint venture called Next Creations Holdings.
Alok is an India-based manufacturer of finished home textiles, fabric, yarn and polyester.
In a statement from Next Creations Holdings, Agarwal said the joint venture makes "a compelling proposition to the retail community." Next Creations completed its acquisition of all the shares of Raymond Waites Design on Jan. 1 of this year.