According to reports, #DollarTree is selling the #FamilyDollar brand to private equity firms Brigade Capital Management and Macellum Capital Management for just over $1 billion. The move comes nearly a decade after Dollar Tree acquired Family Dollar for $9 billion in 2015, aiming to expand its customer reach. However, the company faced ongoing challenges managing the brand, leading to plans last year to close nearly 1,000 of Family Dollar’s 8,000 stores.