Is Dollar General Owned By Walmart In 2022? [Guide]
Dollar General has over 16,000 locations across the nation, and offers low prices for well-known brands to their millions of customers every day.
However, you may be wondering if Dollar General operates independently or if it is owned by a larger company such as Walmart. This is what I was able to discover.
Is Dollar General Owned By Walmart?
Walmart does not own Dollar General, nor has it ever owned Dollar General. Dollar General also is not held by large supermarket chains. It is, however, owned instead by private equity investors like Citigroup and Kohlberg Kravis Roberts. Because Dollar General is a publicly-traded corporation, public stock investors can also purchase it.
Dollar General: Who is it?
Dollar General, founded in 1939 by James Luther Turner, was initially owned by Cal Turner.
However, in 2007, Dollar General was acquired by a private equity firm that comprises affiliates from Kohlberg Kravis Roberts, GS Capital Partners, and Citigroup Private Equity.
These investors own Dollar General today, as well as public shareholders that can purchase the stock at the NYSE.
Do Dollar General own any stores or companies?
Dollar General doesn’t currently have any well-respected brands or companies.
Dollar General still has several self-owned brands. They sell products in Dollar General shops, like Sweet Smiles Candy and Clover Vale Water Bottles.
Dollar General did purchase, in 2016, 41 former Walmart Express locations, with designs towards turning them into Dollar General stores.
Do Dollar General Own The PopShelf Brand?
Yes. PopShelf has been launched by Dollar General Corporation as part a business venture.
This brand is targeted at wealthy customers. It offers more quality products while keeping the price down.
Walmart Owns What Shops?
Walmart controls a large number of businesses worldwide. They are both highly-respected chains in the respective countries.
Walmart also has Bonobos, an apparel company that was purchased in 2017, as well as Moosejaw which specializes on outdoor recreation gear.
Walmart: Who is the owner?
Walmart is owned currently by the Walton Family, the descendants of Sam Walton who founded Walmart. The stock is publicly traded at the moment. More than 50% of shares in the company are held by relatives.
Walton Enterprises LLC is the family’s management company. Walton Family Holdings Trust is their trust.
To learn more about both companies, you can see our posts on Dollar General statistics, Walmart statistics, and if Walmart is a franchise.
No. Walmart doesn’t currently own Dollar General. A Private Equity firm is. Walmart may own some brands in the world like Seiyu and Asda but they are not owners of Dollar General.
.Is Dollar General Owned By Walmart In 2022? [Guide]