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dollar tree sells family dollar for one billion after operational struggles
Dollar Tree is selling its struggling Family Dollar chain to Brigade Capital Management and Macellum Capital Management for $1 billion, a significant drop from the $9 billion it paid a decade ago. The decision aims to unlock shareholder value and address operational challenges, including store closures and management issues. Analysts view the sale as a necessary step to reposition Family Dollar for future success amid ongoing economic pressures and competition from larger retailers.
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