Tuesday, July 25, 2017

Dollar Tree moves to dismiss Sycamore suit

Dollar Tree Inc.Dollar Tree Stores has filed a motion to dismiss a lawsuit alleging that it purposefully “killed” 330 stores it sold to Sycamore Partners.

As previously reported, Dollar Tree and Sycamore sued one another last month, each blaming the other for the failure of Sycamore to turn the stores, which were divested as a condition of the Dollar Tree-Family Dollar merger in 2015, into a viable discount store chain that was to be known as Dollar Express. Sycamore earlier this year sold those units to a third competitor, Dollar General, saying it was unable to make a viable business of them. . . . more

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