The discount business Dollar Tree announced on Wednesday that it is selling Family Dollar for $1 billion to two private equity firms, a decade after it bought the discount chain for over $8 billion.
Categories: $1 billion$2.11$69.25$8 billion3.1%Biden AdministrationBrigade Capital ManagementBusinessbusiness closurebusiness focusbusiness saleChesapeakeConsumer spendingconsumersdiscount chainDollar TreeDollar Tree saleECONOMYFamily Dollarfamily dollar saleGlobalDatainflationinflation effectsJames Meyerslow-income consumersMacellum Capital ManagementMike CreedonNeil SaundersOAN Newsroomoperational problemspremarket tradingprice-consciousPrivate EquityratsRetailshopliftingstore locationssupply-chain issuesTodays Headlinestransformation journeyTrump AdministrationVirginiaWalmartwarehouses