What does SAVERS stand for? 

Savers

Savers, Inc. headquartered in Bellevue, Washington, U.S., is a privately held for-profit thrift store retailer offering second hand merchandise. An international company, Savers has more than 315 locations throughout the United States of America, Canada, and Australia, and receives its merchandise by paying money to non-profit organizations for donated clothing and household items. Savers is known as Value Village in the Pacific Northwest, the Baltimore metropolitan area, and most of Canada, and Village des Valeurs in Quebec. Chicago stores and some locations in the Washington, DC metropolitan area are under the name Unique. In Australia and other regions of the U.S., the stores share the corporation's name. Berkshire Partners bought a 50% stake in the company in 2000. Freeman Spogli & Co. became the majority owner in 2006. Leonard Green & Partners and TPG Capital bought out Freeman's shares in 2012.In March 2019, Savers reached a restructuring agreement to hand ownership of the company over to private equity firms Ares Management and Crescent Capital Group.

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