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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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A.C. Moore to be acquired for $40.8 million
Berlin, N.J. — The 134-store arts and crafts chain A.C. Moore said Tuesday it has agreed to be acquired by an affiliate of arts and crafts distributor Sbar’s Inc. for about $40.8 million.
Last January, the company said it had formed a committee to review strategic alternatives, including a potential sale.