Staples to Sell for $6.9 Billion (But Is the Saga Really Over?)

Last week, we reported that Staples was close to finalizing a sale to Sycamore Partners, a private equity firm. It looks like the deal is just about set, with the company naming a $6.9 billion price tag—significantly higher than the original estimation of $6 billion. According to a press release, Staples’ board of directors unanimously approved…

Read More

Vistaprint’s Storefront Impacts Distributors In A Big Way

Two weeks ago, we reported that Vistaprint had opened its first brick-and-mortar storefront, Vistaprint Studio, in Toronto. The store offers an extension to what the e-commerce platform does—customized paper products and printing—but gives customers the chance to see products in a physical setting, similar to how promotional products professionals use showrooms for sales ideas. It also…

Read More

Europe’s Massive Cyberattack Hits Maersk, Causes Shipping Delays

Computers across Europe and India were hit by a major ransomware cyberattack this week, causing system failures at A.P. Moller-Maersk (Maersk), the world’s largest shipping company. The company made a statement on its Twitter page, detailing the account: https://twitter.com/Maersk/status/879966081611431936 A company spokeswoman told CNBC that the IT issues could impact the company’s global operations, but…

Read More