Dollar General Corporation is the owner of Dollar General stores. Dollar General was founded in 1939 by J.L Turner and Cal Turner Sr., father-son entrepreneurs from Tennessee, who opened their first store in Scottsville, Kentucky. Today, Dollar General has more than 16,000 stores across the United States with annual sales reaching nearly $28 billion (2018).
The company is headquartered in Goodlettsville, Tennessee and employs approximately 130,000 people nationwide. The company’s majority shareholder is private equity firm Kohlberg Kravis Roberts & Co. L.P., which owns a 71% stake worth $16 billion as of April 2019 according to Forbes magazine estimates.
Other major shareholders include Vanguard Group Inc., BlackRock Inc., FMR LLC and Capital Research Global Investors among others who own shares totaling an estimated 17%.
Dollar General Stores are a well-known and popular chain of discount stores throughout the US. The company was founded in 1939 by Cal Turner Sr., who opened the first store in Scottsville, Kentucky. Since then, Dollar General has grown to become one of America’s largest retailers with over 16,000 stores nationwide.
Today, Dollar General is owned by private equity firm KKR & Co., which acquired the company for $21 billion in 2007. Through their ownership of Dollar General, KKR & Co.’s portfolio also includes investments in companies such as GoDaddy and Toys “R” Us.
Dollar General vs. Family Dollar vs. Dollar Tree
Is Dollar General Owned by China
No, Dollar General is not owned by China. It is an American retail chain that specializes in selling discounted items and dollar store products. The company was founded in 1939, and currently operates more than 17,000 locations across the United States.
Dollar General is headquartered in Goodlettsville, Tennessee, and is publicly traded on the New York Stock Exchange (NYSE: DG).
Are Dollar General’S Privately Owned?
Yes, Dollar General is a privately owned company. Founded in 1939 and headquartered in Goodlettsville, Tennessee, Dollar General Corporation operates more than 16,000 stores in 46 states with annual sales of over $25 billion. It is one of the largest employers in the United States with approximately 120,000 employees across its retail stores and distribution centers as of December 2020.
The majority stakeholder of Dollar General is private equity firm Kohlberg Kravis Roberts (KKR), which bought out a large stake from activist investor Carl Icahn back in 2007. As per reports from 2019, KKR held an 88% ownership interest while other shareholders own 12%. This makes Dollar General a private company that has been successfully operated by its current owners for over 13 years now and continues to grow as one of America’s leading discount retailers today.
Is Walmart And Dollar General Owned by the Same Company?
No, Walmart and Dollar General are not owned by the same company. Walmart is one of the world’s largest retailers with stores in 27 countries worldwide, while Dollar General is a discount retailer that operates more than 15,000 stores across 44 states in the US. Both companies have different ownership structures; Walmart is owned primarily by its founding Walton family members as well as institutional investors such as Berkshire Hathaway and Vanguard Group.
On the other hand, Dollar General Corporation is publicly held and owned by various shareholders and institutional investors including BlackRock Inc., Morgan Stanley Investment Management Inc., JPMorgan Chase & Co., Goldman Sachs Asset Management LP, Fidelity Investments Canada ULC, among others. Despite having different ownerships structures both companies share similar strategies when it comes to pricing their products competitively so they remain attractive to shoppers looking for bargains.
What Parent Company Owns Dollar General?
The Dollar General Corporation is a Fortune 500 retail chain that operates over 15,000 stores in the United States. Dollar General is owned by the parent company, DG Corp., which was founded in 1968 and has been publicly traded on the New York Stock Exchange since 2009. DG Corp. also owns other related subsidiaries such as Dollar Express and Dolgencorp LLC, which operates Family Dollar Stores.
In addition to these two companies, they also own several additional businesses including Liquidity Services Inc., an e-commerce retailer; US Entertainment Inc., a movie theater chain; and ALSA International Ltd., a business services provider. As of 2019, DG Corp had estimated revenues of more than $25 billion dollars annually making it one of the largest retailers in North America.
Are Dollar General Stores Franchised Or Company Owned?
Dollar General stores are company-owned. Established in 1939, Dollar General Corporation is a discount retailer that operates more than 15,000 stores in 44 states across the United States and offers both name brand and generic merchandise. The company maintains ownership of each store location, providing customers with reliable access to its products while maintaining control over operations.
Although it is not franchised, Dollar General does partner with franchisees for certain services such as distribution centers and transportation fleets. This allows the company to focus on delivering quality goods at low prices without having to finance or manage an extensive franchise network. As a result, shoppers can always find great deals when shopping at a Dollar General store!
Conclusion
In conclusion, Dollar General Stores is a great place to shop for budget-conscious consumers. With its low prices and wide selection of merchandise, it has become one of the most popular discount retailers in the country. The company is owned by an investment group that includes private equity firms KKR & Co., GS Capital Partners, Citigroup Global Markets Inc., and Goldman Sachs Group Inc.
This ownership structure allows them to focus on providing customers with high quality products at unbeatable prices while still turning a profit.
