On 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