Chesapeake, Va. – Under its new leadership team and new private equity owners, Family Dollar plans to refocus after spending 10 years as a division of Dollar Tree Inc.
“We’re energized by the opportunity to stand on our own and reimagine what value means for families across America,” said Duncan MacNaughton, chairman and CEO.
The company is now owned by Brigade Capital Management, Macellum Capital Management and Arkhouse Management Co. The firms paid an aggregate base purchase price of $1,007.5 million in cash…