The American discount store chain Dollar Tree has reached an agreement for the sale of the family business of Dollar to Brigade Capital Management and Macellum Capital Management for 1,007 million dollars (932 million euros), as reported by the company, and as Europa Press stands out,
We talked about a company that closed the 2024 year with losses of 3,030 million dollars (2,804 million euros), three times more than the ‘red numbers’ accounted for the previous year.
After an exhaustive review of the possible alternatives for the Family Dollar business segment, the management team and the Dollar Tree Board consider that the sale of Family Dollar to Brigade and Macellum It generates the greatest value for shareholders.
«We will continue expanding and optimizing our Dollar Tree business To maximize the value for our associates, clients and shareholderswith a reinforced approach in attractive initiatives, such as the expansion of our assortment, the important planning of new store openings in the United States and the transactions that promote our growth strategy, «said Mike Creedon, CEO of Dollar Tree.
Dollar Tree acquired his Rival Family Dollar in 2015 for almost 9,000 million dollars (8,330 million euros).
On the other hand, the company reported Wednesday that at the end of 2024 registered losses of 3,030 million dollars (2,804 million euros), compared to the adverse result of 998 million dollars (924 million euros) of 2023, while the net sales of the chain added in the year 17,566 million dollars (16,259 million euros), 4.7% more.