DOLLAR TREE TO SELL FAMILY DOLLAR FOR $1 BILLION
Dollar Tree Inc. has agreed to sell its struggling Family Dollar chain to private equity firms Brigade Capital Management and Macellum Capital Management for $1 billion. The sale comes after a decade of unsuccessful attempts to integrate Family Dollar into Dollar Tree’s operations, prompting the company to explore options for the discount retailer. The transaction, announced on Wednesday, will allow Dollar Tree to refocus on its core business and marks a significant step in its multi-year transformation plan, according to CEO Mike Creedon.
Family Dollar, which Dollar Tree acquired in 2015, will maintain its headquarters in Chesapeake, Virginia, under the new ownership. The deal is anticipated to be finalized later in the second quarter of 2025. This divestiture is expected to help Dollar Tree streamline its operations and enhance its overall performance, as it sheds a chain that has faced challenges in aligning with the parent company’s strategy and goals.
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