Dollar Tree is selling Family Dollar for $1 billion, a fraction of the $9 billion it paid for the chain in 2015, after a decade of unsuccessful attempts to turn it around. The sale to activist private equity firms Brigade Capital Management and Macellum Capital Management, expected to close by June, marks the end of Dollar Tree’s efforts to integrate Family Dollar into its business. Despite its attempts, the chain struggled with underperforming stores, poor maintenance, and operational challenges. Retail analyst Neil Saunders cites supply chain issues and poor store locations as key obstacles in the turnaround effort.
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