Dollar Tree Announces Sale of Family Dollar Subsidiary for $1 Billion

Dollar Tree shares have tanked by more than 44 percent over the past year.

The Family Dollar logo is centered above one of its variety stores in Canton, Miss., on Nov. 12, 2020. Rogelio V. Solis/AP Photo

Discount store Dollar Tree is selling off its Family Dollar subsidiary to investment companies, taking a massive loss in the process.

Dollar Tree “has reached an agreement under which Brigade Capital Management, LP, and Macellum Capital Management, LLC, will partner to acquire the company’s Family Dollar business segment,” the company said in a March 26 statement.