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. …
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Dollar Tree
Dollar Tree, the largest discount retailer in the US, has announced plans to close nearly 1,000 stores, following a “a store portfolio review”. The retailer said it intended to initially close 600 Family Dollar stores, with a further 370 Family Dollar outlets and 30 Dollar Tree stores also expected to be shuttered over the coming years at the end of their lease term. “During the fourth quarter of fiscal 2023, …
Several hundred Family Dollar stores – divested as part of the chain’s merger with Dollar Tree – are to be revamped under the banner of Dollar Express, according to a report in Supermarket News, quoting a source at investment banking firm Jefferies. According to the news agency’s source, Dollar Tree would continue to support the stores for two years before the name change came into effect. A total of 330 Family …
In a further development in the battle to acquire discount retailer Family Dollar, General Dollar has had an all cash tender bid of $9.1 billion for the company turned down. And Family Dollar, which had already agreed terms on a $8.5 billion takeover by smaller rival Dollar Tree, has urged shareholders not to accept the tender offer from General Dollar. In a statement, Family Dollar said it considered the offer …
Dollar Tree, the largest discount retailer in the US, has announced that it has entered into a definitive merger agreement under which it will acquire rival chain Family Dollar in a cash and stock transaction. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by early 2015, at which time the Family Dollar shareholders will receive $59.60 in cash and …
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