In the Matter of Staples/Essendant, Inc., File No. 1810180 #00865

Submission Number:
00865
Commenter:
Kimberly Cresic
State:
Maryland
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Sycamore Partners, the firm that owns 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.1 The same fate awaits Staples. If this merger goes through, investors in a private equity fund will have more power to reduce competition, close stores, and lay off workers.