Latest news with #DuncanMacNaughton
Yahoo
22-05-2025
- Business
- Yahoo
Veteran MacNaughton Has Been Reappointed by Dollar Tree as CEO for spun-off Family Dollar
Duncan MacNaughton has been reappointed as the CEO of Family Dollar, a discount store that is being sold for about $1 billion by Dollar Tree, Inc. (NASDAQ:DLTR). The sale is anticipated to close in the second quarter of 2025, with Brigade Capital Management and Macellum Capital Management leading the deal's closing. A shopper browsing through a discount retailers merchandise aisle filled with a wide variety of items. Family Dollar's financial chief until 2019 was MacNaughton, a veteran of the retail industry who has also held executive positions at Walmart. His comeback comes as Dollar Tree, Inc. (NASDAQ:DLTR)'s Family Dollar is undergoing an ownership shift following its March 2025 split, which ended a year-long hunt for buyers. In 2015, Dollar Tree, Inc. (NASDAQ:DLTR) successfully outbid Dollar General to purchase Family Dollar for roughly $9 billion. Since then, though, the company has had operational difficulties and fierce competition from big-box stores and online marketplaces that provide cheaper alternatives. The $1 billion deal price shows Family Dollar's struggles to stay relevant in the industry and reflects a substantial value drop from the 2015 acquisition. As the business moves into a new stage under private equity ownership, MacNaughton's hiring is intended to offer steady leadership. The stock is up by over 18% in 2025 so far. While we acknowledge the potential of DLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DLTR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: Nike Restructures the Technology Division, Laying Off Some Employees and Alphabet's Waymo has Secured Approval to Expand its Driverless Ride-Hailing Service to San Jose. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Veteran MacNaughton Has Been Reappointed by Dollar Tree as CEO for spun-off Family Dollar
Duncan MacNaughton has been reappointed as the CEO of Family Dollar, a discount store that is being sold for about $1 billion by Dollar Tree, Inc. (NASDAQ:DLTR). The sale is anticipated to close in the second quarter of 2025, with Brigade Capital Management and Macellum Capital Management leading the deal's closing. A shopper browsing through a discount retailers merchandise aisle filled with a wide variety of items. Family Dollar's financial chief until 2019 was MacNaughton, a veteran of the retail industry who has also held executive positions at Walmart. His comeback comes as Dollar Tree, Inc. (NASDAQ:DLTR)'s Family Dollar is undergoing an ownership shift following its March 2025 split, which ended a year-long hunt for buyers. In 2015, Dollar Tree, Inc. (NASDAQ:DLTR) successfully outbid Dollar General to purchase Family Dollar for roughly $9 billion. Since then, though, the company has had operational difficulties and fierce competition from big-box stores and online marketplaces that provide cheaper alternatives. The $1 billion deal price shows Family Dollar's struggles to stay relevant in the industry and reflects a substantial value drop from the 2015 acquisition. As the business moves into a new stage under private equity ownership, MacNaughton's hiring is intended to offer steady leadership. The stock is up by over 18% in 2025 so far. While we acknowledge the potential of DLTR to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DLTR and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: Nike Restructures the Technology Division, Laying Off Some Employees and Alphabet's Waymo has Secured Approval to Expand its Driverless Ride-Hailing Service to San Jose. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
19-05-2025
- Business
- Reuters
Dollar Tree reappoints veteran MacNaughton as CEO for spun-off Family Dollar
May 19 (Reuters) - Dollar Tree (DLTR.O), opens new tab on Monday named retail industry veteran Duncan MacNaughton as the chief executive officer of the Family Dollar chain, which is in the process of being bought by a group of private-equity investors for about $1 billion. MacNaughton, who served as the finance chief at Family Dollar until 2019 and has held positions at Walmart, will take over the role after the sale to Brigade Capital Management and Macellum Capital Management is completed around the second quarter of 2025, Dollar Tree said. Family Dollar, spun off in March after a year-long search for buyers, faced stiff competition for cheaper goods from big-box outlets as well as online retailers. Dollar Tree had outbid rival Dollar General to buy the discount store chain for about $9 billion in 2015.
Yahoo
19-05-2025
- Business
- Yahoo
Family Dollar Names Duncan MacNaughton Chairman and Chief Executive Officer
CHESAPEAKE, Va., May 19, 2025--(BUSINESS WIRE)--As Family Dollar prepares to become a standalone company, its future leadership team is taking shape. Dollar Tree, Inc. (NASDAQ: DLTR), in partnership with Brigade Capital Management and Macellum Capital Management, today announced that Duncan MacNaughton will serve as Chairman and Chief Executive Officer of Family Dollar following the close of the previously announced divestiture. Jason Nordin will continue to serve as President of Family Dollar. Mr. MacNaughton is a seasoned retail executive with more than 30 years of experience leading large-scale businesses through growth and transformation. He previously served as President and Chief Operating Officer of Family Dollar and is known for his deep understanding of value retail and commitment to delivering for customers. Mr. Nordin, who has been leading the stand-up of the new Family Dollar organization, brings a strong track record in enterprise strategy, operations, and transformation. As President, he will work closely with Mr. MacNaughton to guide Family Dollar's long-term strategic direction and operational execution. "This leadership structure brings together two highly experienced and complementary leaders who share a deep commitment to Family Dollar's success," said Mike Creedon, Chief Executive Officer of Dollar Tree, Inc. "Duncan's leadership experience and passion for value retail, combined with Jason's strategic and operational expertise, position Family Dollar for a strong future as an independent company." The transaction is expected to close in the second quarter of 2025, subject to customary closing conditions. A WARNING ABOUT FORWARD-LOOKING STATEMENTS: Our press release contains "forward-looking statements" as that term is used in the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they address future events, developments or results and do not relate strictly to historical facts. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements include, without limitation, statements preceded by, followed by or including words such as: "believe", "anticipate", "expect", "intend", "plan", "view", "target" or "estimate", "may", "will", "should", "predict", "possible", "potential", "continue", "strategy", and similar expressions. For example, our forward-looking statements include statements relating to our plans and expectations regarding our leadership team, our pending sale of Family Dollar, and other plans, objectives, expectations (financial and otherwise) and intentions. All such statements are subject to risks and uncertainties. For a discussion of the risks, uncertainties and assumptions that could affect our future events, developments or results, you should carefully review the "Risk Factors," "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections in our Annual Report on Form 10-K filed March 26, 2025 and other filings we make from time to time with the Securities and Exchange Commission. We are not obligated to release publicly any revisions to any forward-looking statements contained in this press release to reflect events or circumstances occurring after the date of this report and you should not expect us to do so. About Dollar Tree, Inc. Dollar Tree, a Fortune 200 Company, operated 16,500 stores across 48 states and five Canadian provinces as of February 1, 2025. Stores operate under the brands of Dollar Tree, Family Dollar, and Dollar Tree Canada. To learn more about the Company, visit View source version on Contacts Investors: Robert A. LaFleurSVP, Investor Relationsinvestorinfo@ Media: Kate KirkpatrickVP, Communicationsmediainquiries@ Sign in to access your portfolio
