The 66-year-old business, which Dollar Tree bought in 2015 for about $9 billion, has been struggling due to competition from big-box and online retailers.
Dollar Tree is selling Family Dollar to a pair of private equity firms for $1 billion after a decade of trying to make its acquisition of the bargain chain fit.
New York (CNN) — Dollar Tree is ending its short-lived and ill-fated Family Dollar experiment, offloading the discount brand for $1 billion – just a fraction of its purchase price from a decade ago. Family Dollar will be sold to private equity groups Brigade Capital Management and Macellum Capital M…
Dollar Tree purchased Family Dollar in 2015 for about $9 billion, hoping the merger would help both stores reach more customers. But it struggled to effectively manage the Family Dollar brand.
Shares of Dollar Tree surged nearly 7% in premarket trading Wednesday after the discount retailer reached a deal to sell its Family Dollar brand to a pair of private-equity firms for $1 billion.
Dollar Tree is selling its Family Dollar business to private equity firms for about $1 billion, a fraction of its 2015 acquisition cost, as the brand struggled to drive traffic.
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
After struggling with supply chain issues, poor locations and other difficulties, Family Dollar is being sold to two private equity firms for $1 billion.
Dollar Tree said Wednesday it is selling its Family Dollar division to a partnership of Brigade Capital Management and Macellum Capital Management for just over $1 billion.
