Office Depot, Inc. is an office supply company. It was announced February 20, 2013, that Office Depot and OfficeMax will combine in an all-stock deal, which will create the largest U.S. office-supplies chain. On November 5, 2013, the merger was completed.
The combined company has combined annual sales of approximately $17 billion, employs about 66,000 associates, and serves consumers and businesses in 59 countries with more than 2,200 retail stores, e-commerce sites and a business-to-business sales organization. The company’s portfolio of leading brands includes Office Depot, OfficeMax, OfficeMax Grand & Toy, Viking, Ativa, TUL, Foray, Realspace, and DiVOGA.
Office Depot was founded in March 1986 by the late F. Patrick Sher, the former chairman and chief executive officer, Stephen Dougherty, president, and Jack Kopkin, executive vice president. All were formerly associated with Home-owner's Warehouse, the home improvement company that Sher sold to Service Merchandise in 1983 and renamed Mr. HOW Warehouse. The catalog showroom chain eventually sold off the Mr. HOW units to a variety of buyers, including Builders Square, the home center warehouse subsidiary of Kmart Corp. They envisioned a warehouse-style store for office products where customers could purchase items in bulk for discounted prices. This concept led to starting Office Depot, and the company opened its first store at Lakes Mall in Lauderdale Lakes, Florida in October 1986.
Source: Wikipedia.
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