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 after struggling to integrate the chain into its business.
- Dollar Tree acquired Family Dollar for over $8 billion in 2015, facing challenges with supply chain issues and poor store locations.
- Neil Saunders, Managing Director of GlobalData, noted that Dollar Tree's efforts were hampered by pricing strategies not as sharp as its rivals'.
- Interim CEO Michael Creedon expressed excitement about returning to Dollar Tree's roots with the sale of Family Dollar.
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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