The retail company sold the business segment to Brigade and Macellum, two capital management companies for $1 billion.

The discount retailer sold the banner to private equity firms more than a decade after acquiring it for about $8.5 billion.

Dollar Tree has finalized the sale of its struggling Family Dollar chain to two investment firms for a little more than $1 billion. Brigade Capital Management and Macellum Capital Management have ...

Dollar Tree, which owns Family Dollar, also said it will close 30 stores as leases expire. Years of mismanagement and poor conditions in stores have hurt Family Dollar’s brand.

Dollar Tree announced it will close nearly 1,000 of its Family Dollar stores after the stores experienced a significant underperformance in 2023, according to the press release by the company ...

Net sales at Family Dollar, Dollar Tree in most recent quarter. Consolidated net sales increased 11.9% to $8.63 billion, the company said, but the operating loss was $1.89 billion.

Dollar Tree reached an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for just over $1B.. The sale price marks a stark drop-off in value ...

Dollar Tree said it was exploring options, including a potential sale or spinoff of its Family Dollar banner. The company operates 8,359 Family Dollar stores, as of Feb. 3. It will close an ...

Last year, Family Dollar announced plans to close more than 900 stores.Dollar Tree CEO Rick Dreiling said in a statement that the “unique needs” of the two different chains led the company to ...

Shareholders of Family Dollar overwhelmingly approved sale of the company to Dollar Tree, choosing regulatory certainty over a higher—but riskier—offer from Dollar General.

Family Dollar, the struggling discount chain that caters to low-income customers, will close about 1,000 stores. Dollar Tree, which owns Family Dollar, also said it will close 30 stores.