Dollarama closes The Reject Shop acquisition

Executive Summary

• Dollarama Inc. has officially closed its acquisition of The Reject Shop Ltd., Australia's largest discount retailer, following the receipt of all necessary shareholder, regulatory, and court approvals.
• The transaction marks Dollarama's strategic entry into the Australian market, leveraging The Reject Shop's established network of over 390 locations across all Australian states.
• The acquisition integrates more than 5,000 employees and aims to expand Dollarama's international growth platform by applying its expertise in sourcing, merchandising, and retail operations to the Australian consumer base.

Key Details

• Transaction Status: The acquisition of The Reject Shop Ltd. is now closed.
• Target Company: The Reject Shop Ltd., headquartered in Melbourne, Australia.
• Target Scale: Australia's largest discount retailer with a store network of more than 390 locations spanning every Australian state.
• Strategic Rationale: Entry into the Australian market to build on Dollarama's presence in Canada and Latin America (via Dollarcity).
• Operational Integration: Dollarama will apply its strengths in sourcing, merchandising, and retail operations to drive the expansion of the new Australian growth platform.
• Workforce: Integration involves more than 5,000 employees of The Reject Shop.

Notable Quotes

• "We are pleased to officially welcome the TRS team to Dollarama. 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." — Neil Rossy, President and CEO, Dollarama Inc.