Office World

Last updated

Office World
Type Private company
Subsidiary
Industry Retail
Defunct2005
FateAcquired
Successor Staples
ProductsOffice supplies
Computing
General stationery
Parent Staples UK (previously Globus Retail)

Office World plc was a chain of British office superstores that ceased trading in 2005 after administration and a company buy-out.

Office World had a number of competitors, including Staples, Stationery Box and Ryman. They sold both branded products (such as Esselte and Banner) and own-brand products (eg Office Essentials and Office World).

In 2004, the company was acquired by Staples, who sold off the assets and stock. Office World subsequently became a dormant brand. [1] The Office World brand, assets and stores were sold to Staples UK for the sum of £32.5 million. [2] After the acquisition by Staples, very few Office World stores were converted into Staples due to their proximity to existing Staples stores. [3] Many of the stores were left unoccupied and the final Office World store closed in November 2005. [4]

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References

  1. "COMPANY NEWS; STAPLES MAKES ACQUISITION TO EXPAND IN BRITAIN". The New York Times . 27 March 2004. Retrieved 3 June 2021.
  2. "Staples to buy Office World UK". theregister.co.uk. 26 March 2004. Retrieved 27 March 2019.
  3. "Staples, Inc. To Purchase Globus Office World plc In The United Kingdom". news.staples.com. 26 March 2004. Retrieved 6 July 2020.
  4. "Staples Office World Conversion". www.ukelectrical.co.uk. November 2005. Retrieved 6 July 2020.