Staples Canada

Last updated
Staples Canada ULC
FormerlyThe Business Depot
(1991–1994)
Staples Business Depot
(1994–2008)
Company type Private
Founded1991;33 years ago (1991)
FounderJack Bingleman
Headquarters Richmond Hill, Ontario, Canada
Number of locations
302
Key people
David Boone
(CEO)
Evelyn Sutherland
(CFO)
John Defranco
(CCO)
Rachel Huckle
(CRO)
Andrew Go
(CDO)
ProductsTechnology (Computers/Business Machines/Entertainment), Furniture, Office Supplies, Copy and Print Services, Tech Services, School Supplies, Legal Supplies, Facility Supplies
Owner Sycamore Partners
Number of employees
15,000+
Website staples.ca
Bureau en Gros logo (2018 to present) Logo Bureau en gros 2018.svg
Bureau en Gros logo (2018 to present)

Staples Canada ULC , operating as Staples (Bureau en Gros in Quebec), [1] is a Canadian retail sales company owned by Sycamore Partners. [2] Staples was founded by Leo Kahn [3] and Thomas G. Stemberg. [4] Since 2017, Staples Canada has operated independently from Staples' U.S. retail and U.S. business-to-business (B2B) operations. [5]

Contents

History

The Business Depot Ltd. was founded by Jack Bingleman in 1991, with Staples as a substantial investor, opening Business Depot stores in Canada. [6] The American counterpart acquired the Canadian company in 1994. [7] The company later began converting locations in English-speaking markets to Staples. [8] In 2008, Staples acquired Corporate Express. [9] In 2017, Staples was acquired by private equity firm Sycamore Partners for $6.9 billion. Under the new owner, Staples Inc. was split into three "independently managed and capitalized" entities; Staples Canada serves as one of these entities, alongside Staples North American Delivery and Staples U.S. Retail. [5] [10] [11]

ServiceOntario

In 2024, some ServiceOntario locations will be closed and replaced with kiosks inside Staples Canada. [12] These stores will be compensated with taxpayer money for upgrades required to provide these services, at a estimated cost of 1.75 million dollars. [13] The Ontario New Democratic Party has criticized the Ford government for this decision. [14] A request was made to the Financial Accountability Office by the Liberal Party in regards to the deal. [15] These kiosks are a pilot project intended to reduce wait times and increase availability of services, with further partnerships with other businesses being investigated. [16] Two Walmart stores will also replace standalone ServiceOntario locations. [17] Ford has compared the situation to how some Canada Post offices operate inside Shopper's Drug Mart locations. [13]

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References

  1. ↑ Delean, Paul. "Bureau en Gros to shut two Montreal stores". Montreal Gazette. Retrieved 16 January 2024.
  2. ↑ "Sycamore Partners Completes Acquisition Of Staples, Inc". Sycamore Partners. Retrieved 16 January 2024.
  3. ↑ Shapiro, T. "Leo Kahn, entrepreneur who helped found Staples office-supply business, dies at 94". The Washington Post. Retrieved 16 January 2024.
  4. ↑ "Thomas Stemberg dies at 66; Staples founder created 'Toys R Us for office supplies'". Los Angeles Times. Associated Press. Retrieved 16 January 2024.
  5. 1 2 Demery, Paul (2017-08-14). "Break-up plan for Staples: B2B unit stands out". Digital Commerce 360. Retrieved 2019-05-29.
  6. ↑ Haddadin, Jim. "Staples sees future 'beyond office supplies'". The Patriot Ledger. Retrieved 16 January 2024.
  7. ↑ "Staples Stock Gains on Completion of Aquisitions". The New York Times. Retrieved 16 January 2024.
  8. ↑ Patterson, Craig. "Landmark Mixed-Use Development in Toronto's Rosedale Area to Feature Unique Retail Component". Retail Insider. Retrieved 16 January 2024.
  9. ↑ Chee, Foo. "Staples wins Corporate Express in $2.65 bln deal". Reuters. Retrieved 16 January 2024.
  10. ↑ "Staples spinning off retail business". Retail Dive. Retrieved 2019-05-29.
  11. ↑ Gelles, David; Merced, Michael J. de la (2017-06-28). "Staples to Sell for $6.9 Billion, and Its New Owner Has an Uphill Battle". The New York Times. ISSN   0362-4331 . Retrieved 2019-05-29.
  12. ↑ "Some ServiceOntario centres to close, province says new locations coming in select Staples stores". CBC News. Retrieved 12 January 2024.
  13. 1 2 Southern, Richard. "Staples Canada lays off head office staff, company takes $1.75M of taxpayer money for ServiceOntario retrofit". CityNews Toronto. Retrieved 1 February 2024.
  14. ↑ Southern, Richard; Marchesan, John. "Ford government to pay for Staples retrofit as retailer looks to 'monetize' ServiceOntario". Toronto CityNews. Retrieved 13 January 2024.
  15. ↑ Ferguson, Rob. "Ford government facing renewed questions over ServiceOntario deals". Toronto Star. Retrieved 1 February 2024.
  16. ↑ Jabakhanji, Sara. "Minister defends plan to replace some ServiceOntario centres with Staples store kiosks". CBC News. Retrieved 16 January 2024.
  17. ↑ Southern, Richard. "Ford government to use taxpayer funds to retrofit 2 Walmart stores to also host ServiceOntario kiosks". CityNews Toronto. Retrieved 15 January 2024.
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