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Office Depot Divests CompuCom for Fraction of Purchase Price

Move represents return to core office supply business




The Office Depot (Boca Raton, Fla.) has sold its CompuCom Systems subsidiary to private equity firm Variant Equity in a $305 million transaction, according to a press release.

Office Depot acquired the unit in 2017 for $1 billion in an effort to move beyond its traditional office supplies business into IT services and support. “Technology is the office supply of the future,” said Office Depot CEO Gerry Smith at the time.

The sale represents a pivot on the part of Office Depot to “align [its] business model and resources towards our core strategy,” according to Office Depot CFO Anthony Scaglione.



MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design

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