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Aarons invests in U.K. retailer
Atlanta -- Aaron's announced that it has reached an agreement to purchase 11.5% of Perfect Home Holdings Limited, a privately-held U.K. rent-to-own company, which operates under the PerfectHome brand.
PerfectHome currently has 45 stores open throughout England and has plans to approximately double the number of stores over the next several years.
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Golfsmith partners with South African retailer
Austin, Texas -- Golfsmith International said Tuesday that it has established a partnership with The MoreGolf Group – South Africa’s largest golf retailer – as part of a global strategy toward growth.
At 78 stores, Golfsmith is the largest golf specialty retailer in the United States. It said it will reinvest the income generated from the just-announced partnership into its core U.S. business.