Dollar Tree Selling Family Dollar

Family Dollar is moving out of the Dollar Tree corporate household.

Following a review of possible alternatives, Dollar Tree has agreed to sell Family Dollar to Brigade Capital Management, LP and Macellum Capital Management, LLC. Family Dollar will remain headquartered in Chesapeake, Va. The purchase price is just north of $1 billion. 

“This is a major milestone in our multi-year transformation journey to help us fully achieve our potential,” said Mike Creedon, CEO of Dollar Tree, Inc. “We will continue to grow and optimize our Dollar Tree business to maximize value for Dollar Tree associates, customers, and shareholders with an enhanced focus on compelling initiatives, including our expanded assortment, significant planned new store openings across the United States, and transactions that advance our growth strategy.”

The transaction is anticipated to close later in the second quarter of 2025, subject to standard closing conditions and regulatory approvals. Family Dollar will be led by President Jason Nordin, and Duncan MacNaughton will join the company as chairman. MacNaughton previously served as president and chief operating officer of Family Dollar. 

“This transaction presented a unique opportunity to play a key role in reinvigorating an iconic business,” said Jonathan Duskin, CEO and partner of Macellum. “Throughout this process, we have met an exceptional group of executives who are dedicated to the Company and its customers. We look forward to executing the strategic plan we have developed together.”