Dollarama teams with Dollar City in Latin America

Montreal-based discount retail chain Dollarama has sealed an eight-year deal with 15-store Central America-based chain Dollar City. The deal calls for the Canadian company to provide business expertise and product sourcing in exchange for an option to take a majority interest in the company in year seven. "Our objective is to test the potential of the Latin American market in a way that minimizes risk, capital and time investment," said CEO Larry Rossy.

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