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Alok International forms JV with US-based Next Creations
11 Aug '10
1 min read
Alok Industries Ltd has informed that the Company's wholly owned subsidiary Company ("WOS") in USA viz. Alok International Inc., have with Next Creations, a US based Company, formed a joint venture Company viz. Next Creations Holdings LLC to strengthen each Company's business opportunities.
The new Company will involve all of Next Creations designs, including its branded businesses and its license for Charisma home textiles products as well as private labels.
Alok International Inc is the USA based subsidiary of Alok Industries Limited. The objective behind setting up a subsidiary in USA was to provide forward integration to USA retailers by strengthening the distribution channel. The subsidiary will help Alok to enter into strategic partnerships in the USA.
The new Company will involve all of Next Creations designs, including its branded businesses and its license for Charisma home textiles products as well as private labels.
Alok International Inc is the USA based subsidiary of Alok Industries Limited. The objective behind setting up a subsidiary in USA was to provide forward integration to USA retailers by strengthening the distribution channel. The subsidiary will help Alok to enter into strategic partnerships in the USA.
Alok Industries Limited
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