Family Dollar is an American grocery chain headquartered in Charlotte Matthews, North Carolina, with 1,400 employees. The company has a total of 8,100 chain stores, and it is the second largest retailer in the United States.
On July 28, 2014, USD Tree will announce the acquisition of Kartole for USD 85. On January 22, 2015, Kadole shareholders approved the dollar tree bid.
Kadole was founded in 1959 by Leon Levine, a 21-year-old entrepreneur. In November of the same year, the company opened its first store in Charlotte, North Carolina, USA. In 1961, the company opened its first store in South Carolina. Later, the company opened stores in Georgia and Virginia in 1962 and 1965.
In March 2011, Kadole rejected Nelson Peltz’s Trian Fund Management’s acquisition request of US$55 to US$60 per share. On June 6, 2014, investor Carl Icahn revealed that his company Icahn Enterprises had acquired a 9.4% stake in Kadole. As of June 19, 2014, 22% of Kartole’s stock was controlled by investors.
The service area of Kadole covers the United States and Canada. The president and chief executive officer is Gary Philbin, the chairman is Howard Levine River, and the parent company is Dollar Tree.
See The Wolrd is a so fantastic website! It contains thousands of websites and interesting knowledge of countries all around the world, including government,finance, entertainment, life, etc. The world is changing, the only constant is our curiosity and exploration of the colorful world. See The Wolrd, will take you to see the world.Tell us if you like it and leave your suggestions.