Tuesday, August 1, 2017

​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. . . . more

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