A Buyer Emerges for 330 Family Dollar Stores
Thursday, June 4th, 2015
By: Steve Goldman, CCIM
Dollar Tree is one step closer to acquiring Family Dollar: they’ve found a buyer for 330 Family Dollar stores.
Sycamore Partners, a private equity firm based in New York that specializes in retail and consumer investments, will purchase the stores upon the completion of the Family Dollar merger. The stores will operate under the Dollar Express banner.
Financial details and store locations were not disclosed.
The FTC required Dollar Tree to sell off 330 stores for competitive reasons. And while the divestiture and pending acquisition of the stores are still subject to the review by the FTC, Dollar Tree continues to target completion of the merger in early July 2015.
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