Aaron Rents converting Texas stores

— Furniture Today,
ATLANTA — Aaron Rents said it has agreed with Briley Investments, operator of 15 Rent

City stores in central and west Texas, to convert eight of the stores to franchised Aaron Sales & Lease Ownership units.
In addition, as part of the transaction, Briley will acquire two of Aaron’s current company-operated stores and convert them into franchised Aaron’s Sales & Lease Ownership units. At the same time, Aaron’s will acquire four Briley stores and convert them into company-owned Sales & Lease Ownership stores.
Once all parts of the transaction are completed by the end of November, Aaron’s Sales & Lease Ownership will have 10 more franchised stores operated by Briley and two more company-owned stores.
It is anticipated that the remaining three Rent City stores eventually will join the Aaron’s franchise system, Aaron’s said.
Briley Investments also has entered into a development agreement to open five more franchised Aaron’s stores in Texas in the next several years.
“We are extremely pleased to announce this store conversion transaction with Robert Briley,” said Charlie Loudermilk Sr., Aaron’s Chairman and CEO. “Mr. Briley has operated stores in Texas for more than 25 years and is a very active and well respected member of our industry.”