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Staples’ New Owners Spinning Off The Retail Business

Private equity firm Sycamore Partners, which has agreed to acquire Staples for nearly$7 billion, said it plans to separate the chain’s struggling retail business from its more profitable b-to-b sales operation.

“It’s official: Staples’ new private equity owner, Sycamore Partners, plans to split up the office supplies seller by spinning off its retail operations from its corporate sales unit.”

See the full story at Retail Dive