Sycamore Partners today announced that it has completed its acquisition of Staples, Inc. (the "Company"). "We are pleased to have completed this transaction and look forward to partnering with CEO Shira Goodman and the Staples management team as we seek to increase long-term profitability," said Stefan Kaluzny, Managing Director of Sycamore Partners. "With the support of its dedicated associates, Staples is well-positioned to leverage its iconic brand and leading competitive position to drive even greater value for its business-to-business and retail customers in the U.S. and Canada." Click Read More below for additional detail.
Gap Inc. (NYSE: GPS) today announced that Executive Vice President and Chief People Officer Brent Hyder will leave the company next month to pursue an external opportunity.
“I want to thank Brent for his many contributions to Gap Inc. over the past fifteen years. Talent is a key driver of success for the company, and under Brent’s leadership we established the right strategy to attract, retain, and develop some of the very best people in this industry,” said Art Peck, President and CEO, Gap Inc.