USA: Dollar General buys 41 former Wal-Mart stores
Dollar General, the US-based discount retail chain, has announced that it has acquired and plans to reopen dozens of stores previously owned by multinational retail giant Wal-Mart. The low-cost supermarket group said it had acquired 41 of 102 Wal-Mart Express stores closed by its larger rival in January, and plans to relocate 40 of its […]
USA: Family Dollar rejects hostile bid from General Dollar
In a further development in the battle to acquire discount retailer Family Dollar, General Dollar has had an all cash tender bid of $9.1 billion for the company turned down. And Family Dollar, which had already agreed terms on a $8.5 billion takeover by smaller rival Dollar Tree, has urged shareholders not to accept the […]