折扣脱节：Family Dollar正式与Dollar Tree分离

Dollar Tree (NASDAQ:DLTR) announced the completion of the previously announced sale of its Family Dollar business segment to Brigade Capital Management and Macellum Capital Management for an aggregate base purchase price of $1.08 billion in cash, subject to certain adjustments. Net proceeds from the sale are estimated to total approximately $800 million, comprised of $665 million paid at closing and approximately $135 million as a result of the monetization of cash before closing through a reduction of net working capital. 

"The completion of this transaction marks a defining moment for Dollar Tree," stated Dollar Tree (NASDAQ:DLTR) CEO Mike Creedon. "With a singular focus on our core business, we are doubling down on what we do best – delivering value, convenience, and discovery to our customers every day. Now more than ever before, we are poised to accelerate our growth, innovate faster, and unlock our full potential as a category leader in value retail," he added.

As a standalone company, Dollar Tree expects to continue to grow through compelling initiatives like its expanded assortment, new store growth, and attracting new customers. 

Family Dollar was founded in 1959 in North Carolina. Throughout the 1960s, Family Dollar expanded across the southern United States, opening stores in South Carolina, Georgia, and Virginia.  The 1970s marked a period of rapid growth for Family Dollar, which led to it going public in 1970. Expansion continued through the 1980s and 1990s, with Family Dollar reaching more than 2,500 by 1996. In 2015, Family Dollar was acquired by Dollar Tree and run as an independent brand.

Looking ahead, the separation of Family Dollar could add incremental competitive pressure to Dollar General (NYSE:DG), Dollar Tree (DLTR), and Five Below (FIVE).