Financial News

Dollar Tree To Sell Family Dollar for $1 Billion

The chain acquired Family Dollar for $9 billion in 2015.

Dollar Tree is selling its Family Dollar business for about $1 billion to private equity’s Brigade Capital Management and Macellum Capital Management, according to reports.

The chain acquired Family Dollar for $9 billion in 2015.

Dollar Tree targets suburban consumers shopping for items like party supplies while Family Dollar sells necessities in urban areas, noted The Wall Street Journal in its coverage.

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