Office & Desk
February 27, 2018 at 10:37 am
January 30, 2018 at 1:54 pm
While it is too early now to speculate as to where Sycamore is looking to take Staples in the future, one thing remains certain: the failure of the Office Depot merger back in 2016 has proven extremely costly for the office supplier...
September 15, 2017 at 11:47 am
Sycamore Partners announced this week that it has completed the acquisition of Framingham, Massachusetts-based Staples. "We are pleased to have completed this transaction, and look forward to partnering with CEO Shira Goodman and the Staples management team as we seek to increase long-term profitability," Stefan Kaluzny, managing director of Sycamore Partners, told Street Insider. "With…
September 5, 2017 at 2:22 pm
Kim Kardashian has never been one to shy away from conflict when it comes to her merchandise lines. Back in April, Kardashian was under scrutiny for selling weed-themed candles depicting her as the Virgin Mary. Weed-themed candles are one thing, but you wouldn't expect back-to-school items to be hotbeds of controversy, right? Right? Wrong. Critics…
August 9, 2017 at 1:14 pm
While we cover our ears and hum Alice Cooper's "School's Out For Summer" every time a back-to-school commercial comes on the TV, there's no denying that September is almost here. And while we can't speak to the latest textbook volumes or which teachers give pop quizzes, we can tell you which fashion trends will be…
July 19, 2017 at 2:16 pm
A little less than a month ago, Staples' board of directors unanimously approved a sale to Sycamore Partners for $6.9 billion, and the dust seemed to be settling on the whole situation. But, because we are apparently masters of foreshadowing, our last words on the subject were "The story of Staples could be far from…
June 29, 2017 at 2:11 pm
Last week, we reported that Staples was close to finalizing a sale to Sycamore Partners, a private equity firm. It looks like the deal is just about set, with the company naming a $6.9 billion price tag—significantly higher than the original estimation of $6 billion. According to a press release, Staples' board of directors unanimously approved…
June 23, 2017 at 1:03 pm
In May, Staples was in talks with a few private-equity firms over the possibility of a sale. As a result, Staples initially refused a takeover offer from Cerberus Capital Management, leaving only Sycamore Partners left in the race. Now, sources told Reuters that Staples is quickly approaching a deal with Sycamore worth an estimated $6…
April 5, 2017 at 2:53 pm
After the failed merger attempt with Office Depot, which subsequently caused former CEO Ron Sargent to leave the company, Staples has indicated that it will explore a sale. According to the Boston Globe, the Farmingdale, Massachusetts-based office supply giant reportedly is in preliminary talks with private-equity firms to discuss a sale. Sources close to the…
August 18, 2016 at 5:36 pm
Staples, Framingham, Mass., announced the results for its second quarter ending July 30. The company's total sales reached $4.8 billion, which is a decrease of four percent compared with the same period last year, but saw growth in sales of facilities supplies, promotional products and break room supplies. Staples experienced a major shakeup following the…
