Overview

• Dollar Tree has agreed to sell Family Dollar to Brigade Capital Management and Macellum Capital Management for $1 billion, with the deal expected to close in the second quarter of 2025 pending regulatory approval.
• Family Dollar will continue to operate as an independent company, retaining its headquarters in Chesapeake, Virginia, under the leadership of its current president, Jason Nordin.
• The sale marks the end of Dollar Tree's $9 billion acquisition of Family Dollar in 2015, which faced significant challenges including poor store performance, operational inefficiencies, and competition from Walmart and Dollar General.
• Dollar Tree expects to generate $804 million in net proceeds from the sale, along with $350 million in tax benefits from losses incurred in the divestiture.
• The divestment allows Dollar Tree to focus on growth initiatives, including new store openings, expanded product offerings, and improving profitability across its core business.