​Staples looks to spin off 1,500 retail stores to longtime rival Office Depot

Staples Inc. is considering a spin off its 1,500 retail stores to longtime rival Office Depot.

Unnamed sources told the New York Post that the Massachusetts-based retailer is looking to get rid of its brick-and-mortar stores and concentrate solely on selling office supplies to mid-size and big corporate clients online.

Sycamore Partners — the private equity firm that agreed to takeover Staples for $6.9 billion last month— is in favor of the plan, the report continued.

There are more than 10…

from https://www.bizjournals.com/baltimore/news/2017/07/31/staples-office-depot-may-finally-get-a-deal-done.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/163639403497

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Author: Baltimore Checkbook

Best in consumer news and deals in Baltimore, MD.

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