CHESAPEAKE, Va., July 08, 2025 — Family Dollar today announced its official separation from Dollar Tree, as a standalone, private company, with a new leadership structure. Under the new, dedicated leadership team and new private equity owners, Brigade Capital Management (“Brigade”), Macellum Capital Management (“Macellum”), and Arkhouse Management Co. (“Arkhouse”), Family Dollar is focused on building a stronger, more agile organization.
Family Dollar will remain headquartered in Chesapeake, Virginia, and will continue its mission to “serve the underserved,” focused on the opportunity to build a ‘new Family Dollar.’ The new dedicated leadership team and backing of new owners are committed to improving the overall business, investing in its people, and deepening its impact in the communities it serves.
“This is a defining moment for Family Dollar — a chance to return to our roots, refocus on our unique strengths, and build a future tailored to the communities we proudly serve,” said Duncan MacNaughton, Family Dollar Chairman and CEO. “We’re energized by the opportunity to stand on our own and reimagine what value means for families across America.”
The new ownership structure provides Family Dollar with the strategic support and financial resources needed to unlock its full potential. Brigade, Macellum, and Arkhouse bring deep expertise in retail and a shared vision for Family Dollar’s growth.
“We look forward to investing in Family Dollar’s growth as its own enterprise,” said Matt Perkal, Partner at Brigade. “Meeting this moment with renewed focus and new management, we are confident Family Dollar will deliver the quality and value its customers throughout the U.S. want and expect.”
“Family Dollar is entering a new chapter – one that provides an incredible opportunity to invest in what matters most: our people, our stores, our customers, and our future. We are confident that with the strong, new leadership team, combined with a forward-looking strategic plan, we have a truly unique opportunity to reinvigorate the iconic Family Dollar brand,” said Jonathan Duskin, CEO and Partner at Macellum.
“We are building a new Family Dollar, and we are better positioned to empower all our associates and shape a bold, future-focused company,” MacNaughton added.
Transaction Partners
Jefferies LLC is serving as lead financial advisor to Brigade, Macellum and Arkhouse, and RBC Capital Markets is also serving as financial advisor in connection with the acquisition of Family Dollar. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal advisor in connection with the transaction. Wells Fargo Bank, N.A., RBC Capital Markets, WhiteHawk Capital Partners, and funds managed by Oaktree Capital Management are providing financing for the transaction. Berkeley Research Group LLC, is serving as financial and operational advisor as well as partnering on separation planning and execution.