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Bob Sasser

Duncan Mac Naughton to lead Family Dollar chain

CHESAPEAKE, Va. — Dollar Tree Inc. has tapped former Walmart executive Duncan Mac Naughton to serve as president and chief operating officer of its Family Dollar chain. Mac Naughton succeeds and will report to Gary Philbin, who has been promoted to a new role as enterprise president of Dollar Tree. Mac Naughton most recently served

Mac Naughton to head Family Dollar

Mac Naughton to head Family Dollar

CHESAPEAKE, Va. — Former Walmart executive Duncan Mac Naughton is joining Dollar Tree Inc. as president and chief operating officer of the company’s Family Dollar chain. He will report to Gary Philbin, who has been promoted to a new role as enterprise president of Dollar Tree. Mac Naughton has more than 30 years of leadership

Dollar Tree names new COO

Dollar Tree names new COO

CHESAPEAKE, Va. — Michael Witynski has been appointed chief operating officer at Dollar Tree Inc. The dollar store chain said Thursday that Witynski, previously senior vice president of stores, will be responsible for store operations and real estate for all Dollar Tree bannered stores in the United States, as well as for all retail operations

Dollar Tree closes Family Dollar acquisition

Dollar Tree closes Family Dollar acquisition

CHESAPEAKE, Va. — Dollar Tree Inc. has finalized its deal to acquire rival Family Dollar Stores Inc. Dollar Tree said Monday that under the merger agreement announced and unanimously approved by each company’s board in July 2014, Family Dollar shareholders will receive $59.60 in cash and 0.2484 of a share of Dollar Tree common stock

Dollar Tree is divesting 330 stores

CHESAPEAKE, Va. — As part of gaining regulatory approval for its acquisition of Family Dollar Stores Inc., Dollar Tree Inc. has agreed to sell 330 stores to private equity firm Sycamore Partners. The stores being sold — all Family Dollar locations — are slated to be operated under the Dollar Express banner by New York-based

Family Dollar shareholders vote for Dollar Tree

MATTHEWS, N.C. — Signaling an end to an acquisition squabble between dollar store chains, shareholders of Family Dollar Stores Inc. have voted in favor of the company’s previously announced merger deal with Dollar Tree Inc. Family Dollar said that in the Thursday morning special meeting of stockholders, 74% of the total outstanding shares and 89%