Dollarama (TSE:DOL) has released an update.
Dollarama Inc. has bolstered its stake in the Latin American retailer Dollarcity by purchasing an additional 10% equity, bringing its total ownership to 60.1%, with an option to acquire a further 9.89% by the end of 2027. The company is also expanding into Mexico, holding an 80.05% interest and planning to launch its first store there in 2026. This strategic move complements Dollarcity’s growth, which has seen its revenues triple since Dollarama’s initial majority stake acquisition in 2019.
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