Dollar General acquires 300-plus stores
Dollar General Corp. has added to its portfolio through an acquisition.
The Federal Trade Commission has approved the sale of 323 Dollar Express stores by Sycamore Partners to Dollar General, reported Reuters. The Dollar Express chain is made up of former Family Dollar stores that Family Dollar sold to Sycamore Partners in late 2015. Sycamore Partners bought the stores in 2015 when Dollar Tree sold the stores in order to win antitrust approval to buy the Family Dollar chain.
The Dollar Express stores, which still carry the Family Dollar moniker, will be rebranded to Dollar General. Terms of the 323-store sale were not disclosed.
Dollar General operates more than 12,500 stores in 43 states. Click here to read the Reuters report.
The Federal Trade Commission has approved the sale of 323 Dollar Express stores by Sycamore Partners to Dollar General, reported Reuters. The Dollar Express chain is made up of former Family Dollar stores that Family Dollar sold to Sycamore Partners in late 2015. Sycamore Partners bought the stores in 2015 when Dollar Tree sold the stores in order to win antitrust approval to buy the Family Dollar chain.
The Dollar Express stores, which still carry the Family Dollar moniker, will be rebranded to Dollar General. Terms of the 323-store sale were not disclosed.
Dollar General operates more than 12,500 stores in 43 states. Click here to read the Reuters report.