In the Matter of Staples/Essendant, Inc., File No. 1810180 #00189

Submission Number:
00189
Commenter:
Christine Roane
State:
Massachusetts
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Please prevent Sycamore Partners from loading up another company with debt while slashing wages, benefits, and jobs, all to make more money for the wealthy investors. Sycamore Partners, that owns office supply retailer, Staples, has already shut down most Nine West stores and picked apart companies like Hot Topic and Aeropostale to try to extract as much value as possible. Sycamore's attempt to merge Staples with another office supplier will result in investors in a private equity fund having more power to reduce competition, close stores, and lay off workers. These results all cause harm to the America's workers, please tell Sycamore Partners NO on the merger. Thank you for your attention to this important issue.