Rent-to-own News

Rent-to-own News - LG undecided on GE appliance bid

May 28, 2008

As of Wednesday, LG Electronics remains undecided on a potential bid for General Electric's appliance unit, according to the Associated Press.

"We're reviewing the possible impact of the sale of GE's appliances unit on our company, but we haven't decided anything yet," LG said in a regulatory filing.


The Korea Exchange earlier Wednesday, asked LG to clarify statements made by LG Chief Executive Yong Nam Tuesday, that his company was closely watching developments related to GE's appliance unit.

Nam added that the entire appliance industry could be reshaped by the outcome of what happens to GE's $7.2 billion century-old appliance division, which GE announced two weeks ago that it might sell or spin off in an ongoing restructuring plan.

Jeffrey Immelt, GE's chief executive, said Wednesday in Seoul, Korea that LG Electronics is one of the leading candidates for the appliance unit -- a short list which includes Haier Electronics Group Co. of China and Mexico's Controladora Mabe. Interest has also come from Turkey, he said.

"LG was clearly one of the leading candidates," Immelt said. "It will be very intriguing to see what happens."

In February LG entered into a cross licensing agreement with GE Consumer & Industrial that will allow LG and GE to use one another’s patents for refrigerators and cooking appliances without paying licensing fees.

mevans@rtohq.org
 

About APRO
The Association of Progressive Rental Organizations is the official voice of the rent-to-own industry and the most accurate and trustworthy source of rent-to-own news in the industry. Founded in 1980, APRO is the national, nonprofit trade association advocating and representing the rent-to-own industry before the U.S. Congress, state legislatures, courts, media and the public.

For more information, visit www.rtohq.org.




2012 APRO Dave Egan
Legislative Conference

April 17-19, Washington, D.C.
Mark your calendars!
Get Social with RTOHQ.org!
Watch RTOHQ Rent to Own videos on YouTube!
Follow RTOHQ on Twitter!
Join RTOHQ on Facebook!
Share RTOHQ and bookmark your favorites
Featured APRO Photo:
From the FRDA 2009 Annual Meeting Album
FRDA 2009 Annual Meeting

View All RTO Photos
in the RTOHQ.org gallery
RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here.

CLICK HERE FOR OUR DIGITAL RTOHQ: THE MAGAZINE

 

RTOHQ: The Magazine’s upgraded digital format

APRO's new, mobile-ready magazine is now available in addition to our print edition. The digital format provides the same informative content as our printed magazine, but also offers tools to make the reading experience more enriching. Access the table of contents page with one click or tap. Get additional information from advertisers by clicking on the links in their ads. The interface is easy to navigate and requires no special app—read our magazine on your computer, digital table or smartphone. Click here to access the digital version of RTOHQ: The Magazine November-December 2011.

 

Marketing Matters

This year marks the launch of a marketing campaign initiated by APRO to build the rent-to-own customer base. It will be a multi-year endeavor employing multiple strategies. In this and upcoming issues of our magazine, we will address the many facets of marketing that affect our industry.

 

Striving for an A with the BBB

by William E. Freeland

Consumers often refer to the Better Business Bureau's ratings to help them make rental and purchasing decisions. National Rent-to-Own's human resource manager outlines the steps every RTO company should pursue to help earn an A+ from the BBB.

 

Creating an Extraordinary Customer Experience

by Bill Keese

Apple does it. Southwest Airlines does it. Can the rent-to-own industry also garner a national reputation for exceptional service and, in the process, attract new customers?

 

BB and BBQ on Beale Street

Memphis' reputation for tremendous food, groundbreaking music and Southern charm is well deserved. It's not too early to start planning your trip there next July for APRO's 2012 Rent-to-Own Convention and Trade Show.

 

Card Talk

by Ed Winn III

Credit and debit card payments are on the rise in rent-to-own. So are the risks in keeping such transactions secure.

 

Rent-to-Own Families, Part VI

by Kristen Card

No, you're not seeing double, or are you? Our latest profiles of kindred colleagues include two sets of twins-the Botkins and the Kimbles. And in Kansas, a son and daughter help their dad keep business running Strong.

 

 

Future issues of APRO's magazine will be available in this same new format. Click here to access past issues that are not yet archived in the new interface.

 

Association of Progressive Rental Organizations
1504 Robin Hood Trail
Austin, Texas 78703
800/204-2776, ext. 103
Fax 512/794-0097