Tag Archives: Ray Robinson

Aaron’s Allen to Retire

Ron Allen

ATLANTA-Ron Allen, CEO of Aaron’s, will retire on Aug. 31. On that date, the 72-year-old Allen will also leave his post on the retailer’s board of directors. The board has retained Spencer Stuart, an executive recruiting firm, to assist in the search for Allen’s successor. According to an Aaron’s statement, “The search process will includeMore »

Aaron’s Acquires Progressive in Move to Transform Business

Aaron's

ATLANTA-Rent-to-own retailer Aaron’s has purchased Progressive Finance Holdings from equity firm Summit Partners, gaining an entry in what the company described in a statement as the “virtual rent-to-own” market. Progressive is a provider of virtual lease-to-own programs, offering point-of-sale lease and purchase programs to shoppers who don’t qualify for more traditional financing. According to theMore »