US: Office Depot to close hundreds of stores after OfficeMax buyout (Competition Policy International)

Office supply retailer Office Depot is reportedly slated to close 400 stores in the nation following its acquisition of rival OfficeMax to reduce overlap between the two companies.

According to reports, the closings will save the firm about $75 million a year by the end of 2016.

In a statement, Office Depot …read more

Source: Global Competition Law Blogs