Dollar Tree has completed its sale of the Family Dollar segment of its business for just over $1 billion, according to a press release on the Chesapeake-based company’s website.
The sale to Brigade Capital Management LP was announced by Dollar Tree in March, and was completed this month, according to the release.
“The completion of this transaction marks a defining moment for Dollar Tree,” said Mike Creedon, CEO of Dollar Tree, Inc. “Now more than ever before, we are poised to accelerate our growth, innovate faster, and unlock our full potential as a category leader in value retail.”…