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.

CHESAPEAKE, Va. -- Dollar Tree's decade-long effort to fold the Family Dollar chain into its business is ending, after the Virginia-based discount retailer said it's selling it to a pair of ...

Dollar Tree is selling its Family Dollar stores to a group of private-equity investors for about $1 billion. Bridge Capital Management and Macellum Capital Management are the buyers of the ...