In those meetings, CLW found that KKR was more concerned about preventing the release of negative reports about DGC’s suppliers rather than solving the serious problems highlighted in CLW reports.Īpparently, KKR simply does not care about the labor conditions in DGC’s supplier factories. Although DGC has a code of corporate social responsibility, none of the company’s suppliers recently investigated by CLW follow the code.īefore DGC’s case went public in 2009, CLW and KKR had held multiple meetings. KKR is the major investor and the biggest shareholder of DGC.Ī series of investigations by China Labor Watch (CLW) revealed that while DGC helps low-income Americans save on the daily use products, DGC is cooperating with suppliers that have some of the worst working conditions. Kohlberg Kravis & Roberts (KKR) is one of the biggest private equity firms in the world that sponsor and manage investment funds. The company’s stated missions include: serving customers, improving consumers’ quality of life, increasing benefits for investors, respecting employees and providing them with personal development opportunities. Customers of DGC are primarily low-income people, welfare recipients, and retirees. The stores are mainly located in communities with less than 25,000 residents, although there are also some branches in urban areas. The products on DGC’s shelves include paper products, cleaning liquids, health and beauty aids, food, snacks, household utensils, toys, clothing and seasonal items. With more than 8,800 stores across 35 states, Dollar General Corporation (DGC) is one of the biggest retailers in the U.S.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |