Office World Explained

Office World
Type:Private company
Subsidiary
Fate:Acquired
Successor:Staples
Defunct:2005
Industry:Retail
Products:Office supplies
Computing
General stationery
Parent:Staples UK (previously Globus Retail)

Office World plc was a chain of British office superstores that ceased trading in 2005 after administration and a company buy-out.

Office World had a number of competitors, including Staples, Stationery Box and Ryman. They sold both branded products (such as Esselte and Banner) and own-brand products (e.g. Office Essentials and Office World).

In 2004, the company was acquired by Staples, who sold off the assets and stock. Office World subsequently became a dormant brand.[1] The Office World brand, assets and stores were sold to Staples UK for the sum of £32.5 million.[2] After the acquisition by Staples, very few Office World stores were converted into Staples due to their proximity to existing Staples stores.[3] Many of the stores were left unoccupied and the final Office World store closed in November 2005.[4]

See also

References

  1. Web site: COMPANY NEWS; STAPLES MAKES ACQUISITION TO EXPAND IN BRITAIN. The New York Times. 27 March 2004. 3 June 2021.
  2. Web site: Staples to buy Office World UK. theregister.co.uk. 26 March 2004. 27 March 2019.
  3. Web site: Staples, Inc. To Purchase Globus Office World plc In The United Kingdom. news.staples.com. 26 March 2004. 6 July 2020.
  4. Web site: Staples Office World Conversion. www.ukelectrical.co.uk. November 2005. 6 July 2020. 16 January 2019. https://web.archive.org/web/20190116195207/http://www.ukelectrical.co.uk/portfolio/staples-uk/staples-office-world-conversion/#ad-image-423. dead.