Updated

Canada’s Dollarama makes $259m bid for The Reject Shop discount chain

Carrie LaFrenzSenior reporter

Updated Mar 27, 2025 – 1.13pm, first published at 10.28am

Email LinkedIn Twitter Facebook

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

The Reject Shop will leave the ASX after two decades after agreeing to a $259 million takeover bid from Canadian discount giant Dollarama, which plans to double the number of stores in the country to around 700.

The discount variety store chain started in Melbourne more than 40 years ago and counts billionaire businessman Raphael Geminder as its largest shareholder. Geminder’s Kin Group owns 20 per cent of the company and is supportive of the deal, which has been endorsed by The Reject Shop.

Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club.