Dollar Tree Sells Family Dollar After Struggling to Turn It Around
Source: cnbc.com In This Article A Failed Acquisition Leads to a Major Sale A Merger That Missed the Mark The Struggles of the Dollar Store Industry A Failed Acquisition Leads to a Major Sale Dollar Tree is putting an end to its troubled ownership of Family Dollar, announcing that it will sell the discount chain for $1 billion. The sale, which is pending regulatory approval, marks a significant loss compared to the $9 billion Dollar Tree paid to acquire Family Dollar in 2015. The buyers, private equity firms Brigade Capital Management and Macellum Capital Management, are expected to take control of the struggling brand in the next quarter. The decision comes after Dollar Tree’s leadership conducted a thorough review and determined that selling Family Dollar was the best course of action. The discount chain operates approximately 8,000 stores across the United States, primarily catering to low-income consumers in urban areas. However, it has faced numerous challenges, including declinin...