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US: Dollar Tree plans to sell 330 Family Dollar Stores ahead of merger

By  |  May 31, 2015

Dollar Tree, the discount retail store, has announced that it will sell 330 Family Dollar stores to the private equity firm, Sycamore Partners. The move is contingent to the purchase of Dollar Tree’s acquisition of Family Dollar.

Both Dollar Tree and Dollar General have been eyeing on the company’s acquisition. The deal with Dollar Tree is still subject to certain conditions by the FTC, one of which requires them to sell 330 Family Dollar stores. Dollar Tree said that these stores signify $45.5 million of operating income for Family Dollar. The stores will be operated by Sycamore Partners, under the brand of Dollar Express.

Once the acquisition deal is completed, Dollar Tree will become the biggest discount chain in terms of number of stores, with over 13,000 stores under its umbrella.

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