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Dollar Tree acquires Family Dollar for $8.5 Billion

Posted: Jul 29 2014, 7:05am CDT | by , in News | Latest Business News

 

 Dollar Tree acquires Family Dollar for $8.5 Billion
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In a move to position itself better against Walmart, Dollar Tree acquires Family Dollar.

Dollar Tree, operator of discount variety stores selling everything for $1 or less acquires Family Dollar Stores for a deal valued at $8.5 Billion. Dollar Stores is a national discount retailer offering name brands and quality, private brand merchandise.

"This is a transformational opportunity," stated Bob Sasser, Dollar Tree's Chief Executive Officer. "With the acquisition of Family Dollar Stores, Dollar Tree will become a leading discount retailer in North America, with over 13,000 stores in 48 states and five Canadian Provinces, sales of over $18 billion, and more than 145,000 associates on our team. We will continue to operate under the Dollar Tree, Deals, and Dollar Tree Canada brands, and when this transaction is complete, we will operate under the Family Dollar brand as well."

Walmart sure will take notice about this deal. They try to be the one store for every American.

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The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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