"The Reject Shop" Out Of Australian Stock Exchange (ASX) As Dollarama Completes It's Acquisition Buyout
The Reject Shop Limited ("TRS" Former ASX symbl) proposed acquisition by Dollarama International Inc. subsidiary of Dollarama Inc. (TSX: DOL) received Australian Federal Courts' Approval.
Dollarama Inc. via CNW (Jul 21, 2025): Announced it's highly anticipated acquisition project as it completed the buyout of "The Reject Shop" Australian convenient store retail chain. The company offers Australian loved brands (like Morning Fresh, Dove, Pepsi, Cadbury and Finish) from price point of A$0.45 - A$15.00.
The merger was first announced on March (2025), when Reject Shop entered its' Scheme Implementation Agreement to release the company shares to Dollarama Inc. at $6.68 cash (5.91 cash per Reject Shop share along with Special Dividend of $0.77 cash per share) valuing the company at $259 million with EV (Enterprise Value) of $189 million. Reject Shop employs 4000 - 5000 team member with 390 stores operating across nation, with $852.7 million (Australian Dollars) sales recorded in Year 2024, EBIT of 13.8 million and Net Profit after Tax (NPAT) of 4.7 million.
Neil Rossy (President and CEO, Dollarama Inc.) marked this monumental acquisition as, Expanding our international reach supports our long-term growth strategy, and we are thrilled to be embarking on this exciting new chapter with TRS's local leaders and more than 5,000 employees. By working together and applying Dollarama's strengths in sourcing, merchandising and retail operations, we are well positioned to deliver compelling value to Australian consumers and to drive the expansion of our new Australian growth platform over the long term.
Dollarama (TSX: DOL): The company shares plummeted during June of this year after the merger announcement are currently peaking at $187.34 (Quote, TMX). The market shares have shown tremendous growth over last 3 years. The company currently have stores in all Canadian provinces and two territories, with 1,638 locations across Canada. Along with that company holds a 60.1% shares in Dollarcity (Latin American Value Retailer) with its presence in in 644 stores in Latin America (Colombia, Guatemala, El Salvador, and Peru).
With this Transaction, the corporation has already set its eyes on, network expansion target to 700 stores in Australia by 2034, discipline the capital deployment to scale the business and the growth target for expansion of Dollarama store is highlighted to be 2200 stores in Canada by 2034. Increasing presence of Dollarcity stores in Latin America with target of having 1050 stores by 2034 and Enter the Mexico market as well.
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About The Reject Shop
The Reject Shop Limited ("TRS" former symbl at ASX), founded by Ron Hall & John Shuster in 1981 in the Melbourne suburb of South Yarra. Over the time, has expanded its business accross Australia to 390 stores. The retailers ambition is to help Australians "Save Money Every Day". The Company currently employs 4000+ employees and growing its retail chain across the country. Find more about the corporation at rejectshop.com.au/about/company-information
Interested to work at The Reject Shop!
Visit the Careers page at The Reject Shop to look for Current Openings
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About Dollarama
Dollarama Inc. (TSX:DOL) was founded in 1992 in Matane, Quebec by Larry Rossy, to offer Canadians a covenient store offering product with prices set at $1.00 or less. By 2001, Dollarama had its presence established in Ontario with 60 store locations nationwide. Today, company is led by Neil Rossy with current sales reported as $1,521.2 million for First Quarter of This Year. Find more about the corporation at dollarama.com/en-ca/corp/about-us
Interested to work at Dollarama! Visit the Careers page at Dollarama website to find Current Openings
Please visit, The News Releases page to know "What Else is Happening" at Dollarama.
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