Dollar Tree giving up on Family Dollar after 10 years
Dollar Tree’s decade-long effort to fold the Family Dollar chain into its business is ending after agreeing to sell the bargain store chain to a pair of private equity firms for $1 billion. Dollar Tree Inc. bought Family Dollar with its over 7,000 stores ten years ago for more than $8 billion.
Dollar Tree to sell off Family Dollar chain at steep discount
Dollar Tree Inc. (NASDAQ: DLTR) will sell Family Dollar Stores Inc. to private equity firms Brigade Capital Management and Macellum Capital Management for approximately $1 billion, the company announced March 26. The deal is expected to close in the second quarter.
Discount "dollar stores" were booming not so long ago, reaching into small towns and urban neighborhoods across the country.
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Dollar General is opening a store in Orlando, Florida, amid a spree of closures nationwide. The discount retailer previously ...
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