Reported about 16 hours ago
Dollar Tree has named Duncan MacNaughton as the new CEO of Family Dollar, which is set to be acquired by private-equity investors for approximately $1 billion. MacNaughton, who has a background in retail and previously served as Family Dollar's finance chief, will assume his role following the completion of the sale, anticipated in the second quarter of 2025. Family Dollar, spun off from Dollar Tree after struggling against competition from larger retailers and e-commerce, was originally acquired by Dollar Tree in 2015.
Source: YAHOO