Staples, Office Depot Merger May Finally Happen… Sort Of
According to multiple reports floating around, Staples and Office Depot could head back to the negotiating table in the very near future. But potential M&A terms would be a heck of a lot different than what anyone might’ve expected roughly a year ago.
Staples, which recently agreed to be purchased by a private equity firm for $6.9 billion, has held talks to spin off its 1,500 retail locations to its main retail rival. That kind of deal, which would need to be negotiated by Sycamore Partners—Staples’ new owner—would make Office Depot the only bog-box office supplies chain.
“It would be the end of an era,” Craig Johnson, president of retail consultancy Customer Growth Partners, recently told the New York Post. “This is a company that helped create the idea of a superstore. Unfortunately, the concept of a superstore has come and gone.”