Family Dollar
About Family Dollar was founded in 1959 by Leon Levine in Charlotte, NC. Dollar Tree acquired it for ~$8.5 billion in July 2015 — then closed nearly 1,000 underperforming stores in 2024 before selling it in 2025. Under new Chairman & CEO Duncan MacNaughton (former Walmart head of merchandising), Family Dollar is pursuing a 70-initiative turnaround — including a new extra-small store format pilot in urban markets as of March 2026. Quick Facts HQ 500 Volvo Parkway, Chesapeake, VA 23320 HQ Phone Number (757) 321-5000 Prior HQ Address(vacated 2015) 10401 Monroe Road, Matthews, NC 28105 Status Privately held (since July 7, 2025) Current Owners Brigade Capital + Macellum Capital + Arkhouse Management Sale Price $1,007.5 million cash (closed July 7,