Reported 27 days ago
Dollar Tree is preparing to sell its Family Dollar business to a group of private equity investors for approximately $1 billion, as reported by the Wall Street Journal. The sale is expected to be finalized soon as Dollar Tree restructures amid increasing competition from major retailers and e-commerce. The deal follows Dollar Tree's earlier exploration of options for Family Dollar, which it acquired in 2015 for around $9 billion.
Source: YAHOO