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FILE — A Family Dollar store in Farmington, W.Va., Oct. 6, 2021. Dollar Tree said on Wednesday, June 5, 2024, that it was considering a sale or spinoff of Family Dollar, which has struggled with its operation for years. (Erin Schaff/The New York Times)
Family Dollar will be sold to private equity groups Brigade Capital Management and Macellum Capital Management, pending regulatory approval that is expected to clear next quarter. Dollar Tree bought Family dollar in 2015 for $9 billion.
“After a thorough review of potential alternatives for the Family Dollar business segment, the Dollar Tree leadership team and Board of Directors determined that a sale of Family Dollar to Brigade and Macellum best unlocks value for Dollar Tree shareholders and positions Family Dollar for future success,” the company said in a statement.
This is a developing story and will be updated.
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