Dollar Tree announced on Wednesday that it has agreed to sell its Family Dollar division to a group of private equity firms in a deal valued at approximately $1 billion.

“Basically, Dollar Tree bit off far more than it could chew,” an expert said. Skip to Article. ... FILE - A woman leaves a Dollar Tree store in Urbandale, Iowa, on Feb. 25, 2021.

FILE – A woman leaves a Dollar Tree store in Urbandale, Iowa, on Feb. 25, 2021. (AP Photo/Charlie Neibergall, file) By Michelle Chapman | Associated Press. UPDATED: March 26, 2025 at 6:40 AM CDT.

Dollar Tree is selling Family Dollar to a pair of private equity firms in a deal worth approximately $1 billion after unsuccessfully trying to incorporate it into its business for a decade.

Dollar Tree paid more than $8 billion for Family Dollar a decade ago. ... A woman leaves a Dollar Tree store in Urbandale, Iowa, on Feb. 25, 2021. AP Photo/Charlie Neibergall, file. By .

Creedon joined Dollar Tree in 2022 as chief operating officer and was appointed interim CEO in November after former CEO Rick Dreiling stepped down, citing health problems. Creedon joined the company ...

Dollar Tree said on Wednesday that a group of private equity investors would acquire its Family Dollar business for about $1 billion, ending its nearly yearlong search for potential buyers for the ...

What Else: The company's fourth-quarter earnings exceeded expectations, with revenue of $8.26 billion and an adjusted EPS of $2.29.Same-store sales for Dollar Tree increased by 2%, and the company ...