Does Walmart own Dollar General? We will mention the detailed answer in this article. Do not forget to read the last line of our useful article. Now, we will take a look at these companies.
As you know, Dollar General is a well-known discount retail company in America. The business sells many items, including beauty, health and food products, household stuff, and other items.
And Walmart is known as an international retail company with more than 200 million customers thanks to its online shopping and supermarket chains.
Does Walmart Own Dollar General?
Is Dollar General owned by Walmart? No, the latter one does not own or has ever owned the former enterprise.
The Dollar General, however, is not possessed by any of the major grocery chain systems but rather by private equity such as Citigroup and Kohlberg Kravis Roberts. Public stockholders also own it because it is one publicly traded corporation.
Who Owns General Dollar Stores?
So, who is the owner of Dollar General? It was founded in 1939 by Cal Turner and James Luther Turner.
On the other hand, it was procured in 2007 by one private equity company composed of associates from Citigroup Private Equity, Kohlberg Kravis Roberts, and GS Capital Partners.
Now, it is under control of many investors and public stockholders who could purchase the amount of inventory on the NYSE.
Is Dollar General The Owner Of Any Stores?
This firm somehow doesn’t currently possess any well-known brands or businesses.
It may, however, run a group of self-brands, including Clover Valley Bottles and Sweet Smiles Candy. They sell goods in a large number of shops. The company also recently bought 41 Walmart Express sites in 2016, with plans to convert them into its famous shops.
Is Walmart and Dollar General affiliated? As mentioned above, the answer to this question would be no.
The latter firm recently announced that this company has agreed to be obtained by affiliates from KKR Corporation in a payment worth an estimated $7.3 billion, along with $380 million in total debt.
What Stores Does Walmart Own?
It owns many businesses worldwide, including Asda in the United Kingdom and the Seiyu branch in Japan. Both are extremely popular in their home nations.
This corporation also possesses Bonobos, one apparel brand, and Moosejaw, a famous outdoor recreational equipment company. Both were acquired in 2017.
Lastly, does Walmart own Dollar General? No, the latter would not be a subsidiary of the Walmart firm. Public stockholders and private equity enterprises own the corporation.
Also, while Dollar General doesn’t presently own any well-known brands, Walmart has created several serious efforts to acquire bigger brands.
Given its record of success in executing such buy-outs, the retail company will surely consolidate its position on its lineup.