News
Staples Divests European Businesses
July 29, 2019
Staples Inc. has divested four of its European direct brands to the RAJA Group.
The deal includes Staples’ Italy-based Mondoffice and its Spain-based Kalamazoo office supply brands, OPI reports. Also included are the company’s JPG furniture brand and its Bernard jansan supply division, both of which are based in France.
Financial terms of the transaction, which is expected to close by October pending regulatory approval, were not disclosed.
About Staples
Founded in 1986, Boston, MA-based Staples, Inc. is a leading office-products company with annual sales of US$25 billion and more than 90,000 employees in 26 countries. For more information, visit www.staples.com.
