McCallum, Lustig acquire Stanley King business

Stanley King, one of the major design forces in decorative fabrics for half a century, and Joan Beatty, partners and co-founders of Stanley King Design Studio, have sold their business to a new company formed by Elkin McCallum, chairman of Joan Fabrics Corp., and Debbye Lustig, design director of the King Studios. Lustig is president of the new company, now called Madison Avenue Designs. King and Beatty will continue as design consultants for five years for the new entity, King said. Joan Fabrics' Mastercraft division and Fabricut of Tulsa, OK, have been the major clients of the design studio for the past 20 years and will continue their relationship.