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Report: FTC approves sale of 323 Dollar Express stores to Dollar General
GOODLETTSVILLE, Tenn. — The Federal Trade Commission approved the sale of 323 Dollar Express stores to Dollar General, reported Reuters. Private equity firm Sycamore Partners II currently owns the Dollar Express stores, which it bought in 2015 when Dollar Tree was forced to sell stores in 35 states as a condition of its acquisition of Family Dollar.
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Dollar General to acquire 323 Dollar Express stores
GOODLETTSVILLE, Tenn. — Dollar General will acquire all 323 Dollar Express discount stores in 36 states from its owner, private equity firm Sycamore Partners, the company confirmed to several media outlets. Terms of the deal were not disclosed.
The Dollar Express stores, which still carry the Family Dollar moniker, will be rebranded to Dollar General. The 323 stores comprise most of the 330 stores sold to Sycamore in order to meet federal antitrust approval of Dollar Tree’s acquisition of Family Dollar in 2015.