🠈  Office Depot  🠊

Office Depot

Office Depot / OfficeMax is a chain of office super stores headquartered in Boca Raton, Florida by F. Patrick Sher, Stephen Dougherty, and Jack Kopkin. The company grew quickly and had expanded to 500 stores by 1995. In 2013, OfficeMax merged with Office Depot to create the world's largest office product store with over 2200 locations and 66,000 employees.

The company was founded in 1986 and rode the wave of store consolidation in the 1990s. Office Depot trades on the NASDAQ with the symbol ODP.

In October 2019, Yahoo Finance reported that the ODP's market value was $1 billion. They had $10 billion in annual revenue, but had $3 billion in debt.

Corporate History

This section shows the merger chain of Office Depot. The company has tried twice to merge with Staples.

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References:

  1. Wikipedia - Office Depot (Drawn 10/19/2019)
  2. Funding Universe - Office Depot (Drawn 10/19/2019)
  3. Funding Universe - Office Max (Drawn 10/19/2019)
  4. Wikipedia - OfficeMax (Drawn 10/19/2019)
  5. Wikipedia- OfficeMax (Drawn 10/19/2019)
  6. Wikipedia - Grand & Toy (Drawn 10/19/2019)
  7. Digital Commerce - Office Depot Acquires Computer 4 sure (Drawn 10/19/2019)
  8. Reuters - BC Partners Invests (Drawn 10/19/2019)
  9. OPI - private equity gets more of Office Depot (Drawn 10/19/2019)
  10. BusinessNewswire - ODP forms alliance with Alibaba (Drawn 10/19/2019)

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