CHESAPEAKE, Va. — Family Dollar announced Monday its official separation from Dollar Tree as a standalone, private company with a new leadership structure. Under the new, dedicated leadership team and new private equity owners, Brigade Capital Management (Brigade, Macellum Capital Management (“Macellum”), and Arkhouse Management Co. (Arkhouse), Family Dollar is focused on building a stronger, more agile organization.
Family Dollar will remain headquartered in Chesapeake, Virginia, and will continue its mission to “serve the underserved,” focused on the opportunity to build a ‘new Family Dollar.’ The new dedicated leadership team, backed by new owners, is committed to improving the overall business, investing in its people, and deepening its impact in the communities it serves.
“This is a defining moment for Family Dollar — a chance to return to our roots, refocus on our unique strengths, and build a future tailored to the communities we proudly serve,” said Duncan MacNaughton, Family Dollar chairman and CEO. “We’re energized by the opportunity to stand on our own and reimagine what value means for families across America.”…