99 Cents Only Stores
Ares Management and Canada Pension Plan Investment Board acquired 99 Cents Only in 2011 for $1.6B via leveraged buyout. After years of declining performance, Ares concluded liquidation would maximize returns. Filed Chapter 11 in April 2024 and closed all 371 stores by June 2024. Locations sold primarily to Dollar Tree.
- FOUNDED
- 1982
- ACQUIRED
- Ares Management, 2011, $1.6 billion
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Editorial Record
maintained by DeathbyPE. Every claim links to a public source.Timeline
1982
99 Cents Only Stores founded
2011
Acquired by Ares Management for $1.6 billion
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