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.
Other Articles By Author
Patti Carpenter Talks Color and its Importance in the Home
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.