Foremost Groups and Nasitra Casual signed a definitive agreement providing for the license of Nasitra Casual and its collections worldwide.
The combined company, which will operate under the Veranda Classics
name, will offer high-end specialty store products. Foremost Groups will launch an additional seven new collections as Veranda Classics during the Casual Furniture Premarket in Chicago, July 10-13, in booth 8-6038.
"The merger of the Nasitra collections into our 2007 line up will be invaluable to our dealers and the overall plan as we launch our new specialty division," said John Hunt, senior vice president of specialty stores and product development.
"A strategic agreement with Nasitra significantly advances our strategy of building a leading specialty store branded company with a comprehensive collection of high-end collections with design to meet the urgent needs of our dealers worldwide," Hunt said. "Combining Nasitra's high-end designs with Foremost Groups' strong development and marketing capabilities and exceptional distribution pipeline establishes Veranda Classics as a premier casual furniture manufacturer with multiple product ranges that will offer specialty dealers what we believe to be the absolute best opportunity coming out of China."