In the latest twist in a long-running dollar-store drama, the Charlotte-based retailer Dollar Express is suing Family Dollar and parent company Dollar Tree for setting out to “kill Dollar Express” and ultimately putting the new chain out of business.
Dollar Express is the chain
started by private equity group Sycamore Partners when it bought more
than 320 stores from Matthews-based Family Dollar in 2015. Family Dollar
had to sell the stores for antitrust reasons when it was acquired by
Virginia-based Dollar Tree.
In its suit, Dollar Express alleges that Dollar Tree and Family Dollar sabotaged the chain of stores that it sold to Dollar Express
by hiring and promoting unqualified workers and opening new Family
Dollar-branded stores in close proximity to Dollar Express stores –
using Dollar Express’s confidential information.. . .more