What company owns Dollar General? This question often arises among consumers and investors who are curious about the ownership structure of one of the largest discount retailers in the United States. In this article, we will delve into the history and background of Dollar General, as well as the company that currently holds the reins of this popular retail chain.
Dollar General Corporation, founded in 1939 by J.L. Turner in Kentucky, has grown to become one of the leading discount retailers in the country. The company’s initial focus was on selling general merchandise at low prices, a strategy that has remained at the core of its business model. Over the years, Dollar General has expanded its product offerings to include groceries, health and beauty care items, and seasonal products, making it a one-stop shop for many customers.
The company’s growth has been attributed to its ability to cater to the needs of lower-income consumers who are looking for affordable goods. With more than 17,000 stores across 46 states, Dollar General has become a household name in the discount retail industry. However, the question of what company owns Dollar General remains a topic of interest for many.
In 1993, Dollar General was taken private by KKR & Co., a leading global investment firm. The private equity firm acquired a majority stake in the company, allowing it to focus on its expansion strategy without the pressures of public market expectations. Under KKR’s ownership, Dollar General continued to grow and solidify its position as a leader in the discount retail sector.
In 2011, KKR & Co. decided to take Dollar General public again, offering shares to the public for the first time since the company was taken private. The IPO was a success, and the company has since been traded on the New York Stock Exchange under the ticker symbol “DG.”
So, to answer the question, what company owns Dollar General? The answer is KKR & Co., which still holds a significant stake in the company. While Dollar General has been publicly traded since 2011, KKR’s influence can still be seen in the company’s strategic direction and operations.
In conclusion, Dollar General’s ownership structure has played a crucial role in its growth and success. By partnering with a reputable investment firm like KKR & Co., Dollar General has been able to focus on its core competencies and continue to expand its presence in the discount retail market. As the company continues to evolve, its ownership structure will undoubtedly remain a topic of interest for those who follow the retail industry.
