Tag: Staples Inc
Staff cuts at Staples Inc
Press reports from the US have pointed to significant layoffs at Staples Inc’s head office in Framingham (MA). The Framingham…
Staples Inc reveals redesign and new brands
Staples’ digital and delivery business in the US has launched a new corporate branding and five new own brands. In…
Analysis: The devil’s in the data
As the Federal Trade Commission (FTC) antitrust investigation into Staples Inc’s acquisition of Essendant nears its conclusion, a key issue…
Staples secures Essendant shares
A potential banana skin in Staples’ attempt to acquire Essendant has been avoided after a majority of Essendant’s shares were…
Genuine Parts sues Essendant
Genuine Parts Company (GPC) has filed a lawsuit against Essendant, accusing the latter of “deceptive conduct and breaches of its…
Analysis: Essendant and SPR merger abandoned
The proposed merger between US office products wholesalers Essendant and SP Richards (SPR) is off after the Essendant board recognised…
Dealer organisations unite for FTC letter
Four leading independent dealer organisations in the US have joined forces to voice their concerns to the Federal Trade Commission…
Exclusive: Essendant will remain independent, says Staples CEO
Staples CEO Sandy Douglas has told OPI that the reseller “fully intends” for Essendant to be run independently after it…
Staples begins tender offer for Essendant shares
Staples Inc has announced the commencement of its tender offer for all outstanding shares of Essendant common stock. It’s not…
Staples deal for Essendant confirmed
The acquisition of US office products wholesaler Essendant by Staples in a deal worth almost $1 billion has been confirmed.…
Top Essendant shareholder opposes Staples offer
Pzena Investment Management, Essendant’s largest shareholder, has said it will not support Staples’ current proposal to acquire the wholesaler. In…
No counterbid for Essendant, says Genuine Parts
Genuine Parts (GPC) has said it intends to let its SP Richards (SPR) merger agreement with Essendant terminate rather than…
Essendant board recognises new offer from Staples
Essendant’s board of directors has deemed that an improved offer from Staples constitutes a “superior proposal” to the proposed transaction…
Staples snaps up another dealer
OPI has learned of another dealer acquisition – this time in the Texas market – as the big-box shopping spree…
Category Update: Cleaning up
The biggest change in the jan/san sector over the past year has centred around the continuing digitisation of resellers as…
Analysis: Staples ups the ante on Essendant
When Essendant reported its Q2 results at the end of July, it revealed that it had not engaged with Staples…
Staples and Essendant sign NDA
After months of waiting, Staples and Essendant have finally entered into a confidentiality agreement (NDA). Following last week’s news that…
Staples sheds school kits business
Staples Inc has sold off its school supplies business SchoolKidz.com.It has been bought by Los Angeles-based private investment firm Skyview…
Staples names Coke exec as new CEO
Hot on the heels of the news that Shira Goodman had left Staples, the North American business products reseller has…
New CEO for Staples
As revealed by OPI early this morning (GMT), Staples Inc CEO Shira Goodman has been 'let go'.Her departure was confirmed in an…
Big read
Court dismisses Essendant motion in GPC lawsuit
Genuine Parts Company (GPC) can move ahead with its ‘breach of contract’ legal proceedings against Essendant, a Delaware court has…