Loading tweets...
Dollar Tree, the largest discount retailer in the US, has announced it has entered into an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for $1 billion.
Founded in 1953, Dollar Tree operated over 16,500 stores as of 1st February 2025, spanning 48 US states and five Canadian provinces. The stores trade under the names Dollar Tree, Family Dollar and Dollar Tree Canada.
Commenting on the move, Dollar Tree chief executive officer Mike Creedon said: “Under the experienced, dynamic leadership of Family Dollar President Jason Nordin, and with the financial support of Brigade and Macellum, Family Dollar will be well-positioned for growth as a private company”.
Brigade Matt Perkal added: “Partner Since 1959, Family Dollar has served its customers by offering convenient, high-quality products at a great value and the business is a pillar in communities across the United States. We look forward to continuing and enhancing Family Dollar as its own enterprise, which we are confident will drive greater success for the business and value for all of Family Dollar’s stakeholders, including employees, customers, and communities”.
The transaction is expected to close later in the second quarter of 2025, subject to standard closing conditions and regulatory approvals.
Source: Dollar Tree
