Dollar Tree to sell Family Dollar
Digest more
Top News
Overview
Impacts
Dollar Tree has decided to cut ties with Family Dollar.
From Fast Company
Dollar Tree, Inc. has sold Family Dollar on the cheap, finally bringing closure after a decade-long period of underperformance and overhang.
From Seeking Alpha
Dollar General is selling Family Dollar to private equity, ending the unsuccessful merger of two dollar stores.
From CNN
Read more on News Digest
The discount retail chain is selling the Family Dollar business for $1 billion, after buying it for $8.5 billion in 2015.
Dollar Tree announced on Wednesday it was selling Family Dollar to a group of private-equity investors in a $1 billion deal.
US discount retailer Dollar Tree has agreed to sell its troubled Family Dollar chain for $1bn, jettisoning a business it purchased for $8.5bn a decade ago. Dollar Tree said it has entered into an agreement with investors Brigade Capital and Macellum Capital to sell the underperforming Family Dollar,