Is Dollar General Owned By Walmart In 2022? [Guide]
Dollar General operates more than 16,000 retail stores in the United States. They offer low prices on well-known brands and a wide range of products for millions of their customers.
But you might be curious if Dollar General exists independently of larger companies like Walmart. Here is what I have managed to find out.
Walmart owns Dollar General
Walmart isn’t the owner of Dollar General. Dollar General does not belong to any large supermarket chains. Instead, it is owned by Citigroup and Kohlberg Kravis Roberts, private equity investors. As a publicly traded corporation, dollar General can also be owned by investors in public stock.
Dollar General: Who is it?
Dollar General was founded by James Luther Turner in 1939.
Dollar General, however, was purchased by GS Capital Partners in 2007.
Today, Dollar General is owned by these same investors plus public shareholders who can buy the stock on the NYSE.
Are Any Stores Or Companies Owned By Dollar General?
Dollar General doesn’t currently have any well-respected brands or companies.
However, Dollar General does operate a number of self-owned brands which sell products in Dollar General stores, such as Sweet Smiles Candy, and Clover Valley Water Bottles.
Dollar General acquired 41 Walmart Express locations in 2016, with the intention of turning them into Dollar General.
PopShelf Brand Owned by Dollar General
Yes. PopShelf, a new brand created by the Dollar General Corporation is part of this new venture.
The company is targeting a richer customer base by offering more high-quality products but at a cheaper price.
Walmart is the owner of a majority of global companies, including Seiyu and Asda in Japan. Both are highly popular chains in their respective countries.
Walmart owns Bonobos apparel brand, purchased by the company in 2017; Moosejaw is a specialist in outdoor gear and was also bought in 2017.
Walmart Who are You?
Walmart is currently held by the Walton clan, the heirs to Sam Walton’s Walmart founder. The company’s shares are currently traded on the public stock exchange. Over 50% of company shares are owned by the family.
Walton Enterprises LLC and Walton Family Holdings Trust are the firms under which their family manages shares.
Learn more about these two companies in our posts: Walmart statistics, Dollar General statistics and Walmart franchise statistics.
No. Walmart does not own Dollar General. Instead, a Private Equity company is the owner. Walmart has a couple of other brands, like Seiyu or Asda. But they don’t own Dollar General.
.Is Dollar General Owned By Walmart In 2022? [Guide]