Tuesday, August 1, 2017
Staples Looks to Spin off 1,500 Retail Stores to Longtime Rival Office Depot
Inc. is considering a spin off its 1,500 retail stores to longtime rival
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.
— the private equity firm that
agreed to takeover Staples for $6.9 billion last month
— is in favor of the plan, the report continued. . . .
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