Dollar Tree said Wednesday it is selling its Family Dollar division to a partnership of Brigade Capital Management and Macellum Capital Management for just over $1 billion.

Dollar Tree, headquartered in Chesapeake, is selling Family Dollar to a pair of private equity firms for $1 billion after a decade of trying to make its acquisition of the bargain chain fit.

In a statement, Dollar Tree said private equity firms Brigade Capital Management and Macellum Capital Management will purchase Family Dollar, with the discount chain slated to remain headquartered in ...

Dollar Tree is selling Family Dollar to a pair of ... Family Dollar, which moved its headquarters from North Carolina to Chesapeake, Virginia, after the sale, will maintain its headquarters ...

Dollar Tree has agreed to sell its Family Dollar banner to private equity firms Brigade Capital Management and Macellum Capital Management for just over $1 billion, the discounter said Wednesday.

Dollar Tree, Inc., has reached an agreement under which Brigade Capital Management,LP and Macellum Capital Management, LLC ...

Family Dollar's headquarters will remain in Chesapeake, Virginia, after moving the headquarters from North Carolina, according to the Wednesday announcement. “This is a major milestone in our ...

Dollar Tree is offloading Family Dollar for $1 billion, ending a troubled 10-year acquisition. Here's why Dollar Tree is ...

Dollar Tree’s decade-long effort to fold the Family Dollar chain into its business is ending after agreeing to sell the ...

Bargain chains like Dollar Tree, which have raised some of their prices in recent years, are finding that they have little room to maneuver. Americans have tightened their spending as consumer ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...