Linked Header

Friday, October 4, 2013

Is Giant Tiger Up For Sale?

Giant Tiger, which has proven to be exceptionally popular in Saint John at Prince Edward Square, is looking at a sale with a value $800-million being talked about.
 

The chain has more than 200 stores throughout the country and employs more than 7,000 people. It has hired Goldman Sachs to give advice on a potential sale.
 

The company has around $80-million (U.S.) in earnings. It's believed a valuation could be around 10 times that amount.
 

Giant Tiger was founded in 1961. It's privately owned and operates with nearly all of its stores franchised.