Post-Sale, Family Dollar Aims to Reconnect with Roots

With the sale of Family Dollar by Dollar Tree now complete, the former is moving forward under new ownership and is focused on returning to its roots.

The company will remain at its Chesapeake, Virginia, headquarters, with Family Dollar officials saying the retailer will continue its mission to “serve the underserved” while using this as an opportunity to build a “new Family Dollar,” which currently operates more than 7,500 stores across the U.S.

“This is a defining moment for Family Dollar, a chance to return to our roots, refocus on our unique strengths and build a future tailored to the communities we proudly serve," said Duncan MacNaughton, chairman and CEO of Family Dollar. "We're energized by the opportunity to stand on our own and reimagine what value means for families across America.”

According to the company, its new ownership structure that includes Brigade Capital Management, Macellum Capital Management and Arkhouse Management Co. provides Family Dollar with the strategic support and financial resources needed to unlock its full potential.

“Family Dollar is entering a new chapter, one that provides an incredible opportunity to invest in what matters most: our people, our stores, our customers and our future,” said Jonathan Duskin, CEO and Partner at Macellum. “We are confident that with the strong, new leadership team, combined with a forward-looking strategic plan, we have a truly unique opportunity to reinvigorate the iconic Family Dollar brand.”

The sale of Family Dollar was finalized in early July and was valued at just more than $1 billion.