Dollar Tree is selling Family Dollar to a pair of private equity firms in a deal worth approximately $1 billion after unsuccessfully trying to incorporate it into its business for a decade
Dollar Tree is selling Family Dollar to Brigade Capital Management and Macellum Capital Management for $1 billion after a decade of struggling to integrate the bargain chain, which it acquired for over $8 billion in 2015. The sale will allow Dollar Tree to focus on its core business, while the private equity firms will need to address issues such as pricing and customer loyalty at Family Dollar.
