Vintage Capital, the majority owner of rent-to-own operator Buddy’s Home Furnishings, offered to buy struggling Rent-A-Center (NASDAQ: RCII) today for $13 a share.
The High Point Market Authority has purchased four kinetic art sculptures in downtown High Point that have been on loan from the artists since early 2016.
The private equity group Blackstone said funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities have completed the previously announced acquisition of International Market Centers, the largest showroom owner in High Point and owner of the World Market Center in Las Vegas.
Hooker Furniture (NASDAQ:HOFT) said it has signed a definitive agreement to acquire Valdese, N.C.-based Shenandoah Furniture, an upscale domestic upholstery manufacturer.
Rent-to-own major Aaron’s Inc. (NYSE: AAN) said second-quarter revenues rose 3.3% to $815.6 million as the company’s Progressive Leasing business continue to pace top-line growth.
International Market Centers, which owns the World Market Center in Las Vegas and about two-thirds of the showroom space in High Point, has agreed to be acquired by investment funds managed by Blackstone Real Estate Partners and Blackstone Tactical Opportunities.
Motion upholstery producer Southern Motion has agreed to be acquired by the private equity firm Gainline Capital Partners LP.