Thursday, June 29, 2017

Sycamore Wagers $6.9 Billion That Staples Can Thrive Again

Image result for staplesOn Wednesday, Sycamore Partners agreed to acquire Staples Inc. for about $6.9 billion in one of the largest retail deals of the year, a wager that the office-supply chain can re-emerge as a modern seller of business services.

The transaction lets Staples escape Wall Street’s glare and focus on a turnaround plan that includes reducing its retail footprint. But it’s hard to tell how the buyout will fix its fundamental challenges, including the rapid migration of customers to Amazon.com Inc. and slackening demand for traditional office supplies.. . . more

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