Dollar Tree selling Family Dollar to a pair of private equity firms for $1 billion
- Dollar Tree is selling Family Dollar to Brigade Capital Management and Macellum Capital Management for $1 billion, ending its efforts to integrate the chain.
- The sale will allow Dollar Tree to focus on its core business, according to CEO Mike Creedon, who emphasized the need for long-term growth.
- Dollar Tree purchased Family Dollar in 2015 for over $8 billion and has faced ongoing operational challenges since then.
- As many Family Dollar stores close under new ownership, access to affordable goods may become harder for lower-income families, said Marshal Cohen from Circana.
246 Articles
246 Articles
Dollar Tree sold Family Dollar at a massive discount for just $1 billion. Just a decade ago, it was worth $9 billion
Dollar Tree really has a discount for everyone. A group of private equity investors agreed to buy the flailing Family Dollar chain for $1 billion, a sharp loss for the Dollar Tree, which acquired it ten years ago for roughly $9 billion. Brigade Capital Management and Macellum Capital Management will take over the nearly 7,000 Family Dollar stores. That’ll halve the number of stores Dollar Tree operates under its umbrella. Why couldn’t Dollar Tre…
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