Dollarama to acquire The Reject Shop for $163m.

Dollarama, a value retailer offering a broad assortment of consumable products, general merchandise and seasonal items both in-store and online, agreed to acquire The Reject Shop, a discount retailer in Australia, for $163m. "Identifying the right opportunity to expand into new geographies and build on our track record as a leading value retailer in Canada and Latin America has been a key objective for the Dollarama team. With this acquisition, we have a unique and compelling opportunity to bring our differentiated value proposition to a new market which presents a clear path for growth through an established platform," Neil Rossy, Dollarama President and Chief Executive Officer.