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Staples: Take over by Sycamore Partners completed

USA – The US office item chain Staples is being taken over by the New York-based private equity company, Sycamore Partners. In a press release on September 12, 2017 the investment company that specialises in investments in the retail trade and consumer goods sector announced the finalisation of the acquisition. The shareholders of Staples Inc. agreed to the transaction for 6.9 bil. US Dollars (5.8 bil. Euros).

“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,” said Stefan Kaluzny, Managing Director of Sycamore Partners. “We are excited about the tremendous opportunities ahead for the company and our talented associates,” said Shira Goodman, Chief Executive Officer and President of Staples. “We look forward to benefitting from Sycamore Partners’ retail and wholesale experience as we work together to deliver exceptional products, services and expertise that enable businesses to work better.”

www.staples.com
www.sycamorepartners.com

2017-09-26T13:45:21+00:00 September 26th, 2017|