Dollarama COO Becomes Head of PE-Backed 99 Cents Only Stores

Stephane Gonthier will become the president and CEO of U.S.-based discount retailer 99 Cents Only Stores, a portfolio company of private equity firm Ares Management and Canada Pension Plan Investment Board (CPPIB). Gonthier was previously COO of Canadian retailer Dollarama Inc. (TSX: DOL), a role he held during the company's ownership by Bain Capital, and subsequent initial public offering in 2009. Ares and CPPIB acquired 99 Cents Only Stores for US$1.6 billion in 2012.

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