Reported 4 days ago
Dollar Tree has sold Family Dollar to private equity firms Brigade Capital Management and Macellum Capital Management for $1 billion after facing challenges integrating the bargain chain since its acquisition in 2015. The decision comes as Dollar Tree aims to refocus on its core business amidst declining consumer confidence and operational difficulties, including supply chain issues and poor store locations. The deal is expected to close later in the second quarter.
Source: YAHOO