In the Matter of Staples/Essendant, Inc., File No. 1810180 #01242

Submission Number:
01242
Commenter:
Jon Nedbor
State:
New York
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
Sycamore Partners, which now owns Staples, has already shut down most Nine West stores and picked apart companies like Hot Topic and Aeropostale, trying to extract as much value as possible. Their plan will load up the company with debt while slashing wages, benefits, and jobs, all to make more money for their wealthy investors at the expense of the employees and then a loss to the communities.