USA: 330 Family Dollar stores to be rebranded as Dollar Express – reports
Several hundred Family Dollar stores – divested as part of the chain’s merger with Dollar Tree – are to be revamped under the banner of Dollar Express, according to a report in Supermarket News, quoting a source at investment banking firm Jefferies. According to the news agency’s source, Dollar Tree would continue to support the stores […]
USA: Family Dollar rejects hostile bid from General Dollar
In a further development in the battle to acquire discount retailer Family Dollar, General Dollar has had an all cash tender bid of $9.1 billion for the company turned down. And Family Dollar, which had already agreed terms on a $8.5 billion takeover by smaller rival Dollar Tree, has urged shareholders not to accept the […]
USA: Dollar Tree announces plans to acquire Family Dollar
Dollar Tree, the largest discount retailer in the US, has announced that it has entered into a definitive merger agreement under which it will acquire rival chain Family Dollar in a cash and stock transaction. The transaction, which has been unanimously approved by the Boards of Directors of both companies, is expected to close by […]
USA: Family Dollar expands product range
US discount retail chain Family Dollar has announced that it is adding 400 new food items to its product range. The new initiative also sees the retailer team up with celebrity chef Pat Neely to promote the store’s products, and will include a recipe challenge to make a meal for four for just $15.00, as […]