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Giant Tiger could be bought out

Rural discounter hires Goldman Sachs on potential to be sold

Will discounter Giant Tiger become the next retailer to get bought out? Perhaps

A report from Reuters says that Giant Tiger has hired Goldman Sachs to give advice on a potential sale.

Ottawa-based Giant Tiger has more than 200 stores in Canada and earnings of more than $80 million.

The retailer operates small discount stores in mainly rural markets that carry a mixture of apparel, general merchandise and groceries.

Earlier this year, Giant Tiger revamped its private-label line in groceries, introducing a new brand called Giant Value.

In addition to operating under the Giant Tiger name, the retailer has banners such as Tigre Géant, GTXpress, Scott’s Discount and Chez Tante Marie. Stores are primarily franchised.

The North West Company operates about 30 Giant Tiger stores in Western Canada.

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