Staples Divests German Businesses

September 18, 2019 Staples Divests German Businesses

Staples Inc. has sold its retail and online operations in Germany to Netherlands-based Office Centre.

Financial terms of the transaction were not disclosed. The sale is part of Staples overall strategy to focus on B2B operations in Europe. Staples had divested its online and retail operations in the Netherlands to Office Centre last year, OPI reports. In July 2019, Staples sold four of its European direct brands to the RAJA Group.

About Staples 
Founded in 1986, Boston, Massachusetts-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