Staples
| Staples, Inc.
|
|
|---|---|
 |
|
| legal form | Corporation |
| ISIN | US8550301027 |
| founding | 1986 |
| Seat | Framingham , United States |
| management | Shira Goodman, chairman and chief executive officer |
| Number of employees | 77,440 |
| sales | 18,247,000,000 USD |
| Branch | Retail for Office Supplies |
| Website | www.staples.com |
| As of January 28, 2017 | |
Staples, Inc. is a US retail office supplies company. The company currently employs about 77,400 people and has about 18 billion US dollars to. Its branches and subsidiaries in North America, South America, Asia and Europe offer around 7,000 products that can be purchased in the company's own markets, via catalog or in the online shop. The company is based in Framingham near Boston .
The eponymous staple (German: staple ) is one of the most typical office items of all.
history
The company was founded in 1985 by Tom Stemberg, a former director of a supermarket chain, and Leo Kahn. According to the company's history, Stemberg is said to have torn the ribbon of his printer while printing a business plan on July 4th ( US national holiday ), whereupon he had the idea of founding a supermarket for office products after searching in vain for a replacement. Until then, office supplies for small consumers were only sold by small retailers who, unlike large supermarkets, were not open around the clock. Staples' business model was a classic cash & carry concept with long opening times, a wide range of products and low prices thanks to volume purchase and sales with a specialization in office supplies.
Stemberg's concept was initially viewed with skepticism, the need for large office markets was doubted. Nevertheless, the first Staples wholesale store , the world's first wholesale store for office supplies, opened on May 1, 1986 in the Brighton district of Boston . Staples was supported by Bain Capital , the company of the later politician Mitt Romney . The Staples model proved to be a great success, and within two years 20 additional office wholesalers from various providers were founded.
When it went public in 1989, the company raised $ 36 million, and the Staples Direct shipping division was founded in the same year . From 1990 the company opened up the market in the western United States , and in 1991 the first Staples store opened in Canada . Expansion into Europe began in 1992 through a joint venture with the British company Kingfisher .
Staples entered the German market in 1993, initially through a cooperation with MAXI-Papier . Both the British and German partners were taken over by Staples in 1996. In 1996, in the tenth year of existence, the company opened its 500th store. The online presence staples.com was established in 1998. The 1000th store was opened in 1999, and at the same time Staples pushed ahead with its European expansion through acquisitions in Germany , the Netherlands and Portugal . The company has been the world's largest supplier of office supplies since 2002. With another wave of takeovers (companies in Austria and Denmark ), Staples expanded its position on the European market and gained a foothold in both Asia ( China ) and Latin America.
Since 1999, Staples has given its name to the multifunctional arena Staples Center in Los Angeles.
In December 2016 it was announced that the American hedge fund Cerberus Capital will take over the European business. At the same time, the UK retail business was sold to Hilco Capital.
At the end of 2017, the American private equity firm Sycamore Partners took over the company for USD 10.25 per share (a total of USD 6.9 billion).
Occurrence in Germany
In Germany, Staples, Inc. has been represented by the Staples Advantage brand (for companies Staples Business Advantage and Staples Direct ) since June 2008. This arose from the acquisition of the Bierbrauer + Nagel group in Stuttgart-Vaihingen for 1.7 billion euros. The group previously operated in Germany under the brand name Corporate Express . On January 1st, 2010 the company was transformed into Staples Deutschland GmbH & Co. KG .
Bierbrauer + Nagel started out as a trading and service company for office supplies, before being acquired by Buhrmann-Tetterode in the Netherlands in 1990 and converted into the Buhrmann NV subsidiary in July 1998. The following year it merged with the Corporate Express Corporation in Colorado , USA . As a result, in July 2000 the name of the company was changed to Corporate Express Deutschland GmbH & Co. Vertriebs KG or Corporate Express Deutschland GmbH until it was bought by Staples.
Corporate structure
The Staples, Inc group of companies is divided into three segments: North America Retail , North America Delivery and Staples International.
Sales North America:
- This segment operates 1,462 Staples stores in the United States and Canada.
Catalog and online shipping North America:
- The North American shipping division comprised the subsidiaries Staples Contract , Staples Business Delivery and Quill .
Staples International:
- This segment is responsible for the worldwide presence of Staples with the exception of North America.
- Staples operates a joint venture in Asia with Shanghai- based OA 365 .
- In Europe, Staples is present in 15 countries with its markets and subsidiaries. The European headquarters is Staples Europe in Amsterdam . Staples Germany is based in Hamburg .
| country | Designation of the markets | Shipping company |
|---|---|---|
| Austria | Staples Advantage, Pressel | |
| Belgium | Staples Office Center | Bernard, JPG |
| Czech Republic | ||
| Denmark | Malling Beck | |
| France | Bernard, JPG | |
| Germany | Staples | Pressel, Staples, Staples Business Advantage |
| Hungary | ||
| Italy | MondOffice | |
| Luxembourg | Bernard, JPG | |
| Netherlands | Staples Office Center | |
| Poland | ||
| Portugal | Staples Office Center | |
| Spain | Kalamazoo | |
| Sweden | Kontorslagret | |
| Switzerland | Pressel | |
| United Kingdom | Staples | Neat Ideas, Staples |
Web links
Individual evidence
- ↑ a b Staples 2016 Form 10-K Report , accessed April 29, 2017
- ↑ Cerberus Capital Management to Acquire Staples' European Business , at www.cerberuscapital.com , accessed April 29, 2017
- ^ Staples sells UK retail operations , at www.opi.net , accessed April 29, 2017
- ^ Roger Yu: Staples in $ 6.9B deal to be acquired by Sycamore Partners. Accessed August 26, 2019 .
- ↑ CSR Germany : Staples Deutschland GmbH & Co. KG ; accessed on May 19, 2019
- ↑ Handelsblatt .com: Staples takes over Corporate Express ; accessed on May 19, 2019