Office World: Difference between revisions
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| defunct = November 2005 |
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'''Office World''' plc, was a chain of British office superstores, which ceased trading in 2005, after administration and a company buy out. In March 2004,{{cn|date=December 2015}} the company was bought out by world leading office superstores, [[Staples Inc.|Staples]] UK, who sold off all the assets and stock in stores, until Office World became a dormant brand. The Office World brand, assets and stores were sold to Staples UK, for the sum of £32.5 million.<ref>{{cite web|url=https://www.theregister.co.uk/2004/03/26/staples_to_buy_office_world/|title=Staples to buy Office World UK|publisher=theregister.co.uk|date=26 March 2004|accessdate=27 March 2019}}</ref> |
'''Office World''' plc, was a chain of British office superstores, which ceased trading in the end of 2005, after administration and a company buy out. In March 2004,{{cn|date=December 2015}} the company was bought out by world leading office superstores, [[Staples Inc.|Staples]] UK, who sold off all the assets and stock in stores, until Office World became a dormant brand. The Office World brand, assets and stores were sold to Staples UK, for the sum of £32.5 million.<ref>{{cite web|url=https://www.theregister.co.uk/2004/03/26/staples_to_buy_office_world/|title=Staples to buy Office World UK|publisher=theregister.co.uk|date=26 March 2004|accessdate=27 March 2019}}</ref> |
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After the acquisition by Staples, very few Office World stores were converted into Staples, as there were already Staples stores near to the dormant stores of Office World.{{cn|date=December 2015}} Many of the stores were left unoccupied for many years after the closure of Office World, resulting in some job losses.{{cn|date=December 2015}} |
After the acquisition by Staples, very few Office World stores were converted into Staples, as there were already Staples stores near to the dormant stores of Office World.{{cn|date=December 2015}} Many of the stores were left unoccupied for many years after the closure of Office World, resulting in some job losses.{{cn|date=December 2015}} The acquisition was completed in August 2004.<ref>{{cite web|url=https://uk.practicallaw.thomsonreuters.com/0-102-9045|title=OFT publishes clearance decision in acquisition by Staples of Globus Office World|publisher=uk.practicallaw.thomsonreuters.com|date=5 August 2004|accessdate=6 July 2020}}</ref> |
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They had some rival superstores, such as Staples, Stationery Box and [[Ryman]]. For Office World to compete, they had to sell both branded products (such as ''Esselte'' and ''Banner'') and their own brand products (such as ''Office Essentials'' and ''Office World''). Finally, in 2005, after Staples had sold off many of the stock and stores, the last store closed. Office World's website did not stop until 2006. |
They had some rival superstores, such as Staples, Stationery Box and [[Ryman]]. For Office World to compete, they had to sell both branded products (such as ''Esselte'' and ''Banner'') and their own brand products (such as ''Office Essentials'' and ''Office World''). Finally, in November 2005, after Staples had sold off many of the stock and stores, the last store closed.<ref>{{cite web|url=http://www.ukelectrical.co.uk/portfolio/staples-uk/staples-office-world-conversion/#ad-image-423|title=Staples Office World Conversion|publisher=www.ukelectrical.co.uk|date=November 2005|accessdate=6 July 2020}}</ref> Office World's website did not stop until 2006. |
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==See also== |
==See also== |
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Revision as of 09:42, 6 July 2020
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|
 Office World, Dundee, Scotland (2004) | |
| Company type | Private company, Subsidiary |
|---|---|
| Industry | Retail |
| Defunct | November 2005 |
| Fate | Acquired |
| Successor | Staples |
| Products | Office Supplies Computing General Stationery |
| Parent | Staples UK Globus Retail (previously) |
Office World plc, was a chain of British office superstores, which ceased trading in the end of 2005, after administration and a company buy out. In March 2004,[citation needed] the company was bought out by world leading office superstores, Staples UK, who sold off all the assets and stock in stores, until Office World became a dormant brand. The Office World brand, assets and stores were sold to Staples UK, for the sum of £32.5 million.[1]
After the acquisition by Staples, very few Office World stores were converted into Staples, as there were already Staples stores near to the dormant stores of Office World.[citation needed] Many of the stores were left unoccupied for many years after the closure of Office World, resulting in some job losses.[citation needed] The acquisition was completed in August 2004.[2]
They had some rival superstores, such as Staples, Stationery Box and Ryman. For Office World to compete, they had to sell both branded products (such as Esselte and Banner) and their own brand products (such as Office Essentials and Office World). Finally, in November 2005, after Staples had sold off many of the stock and stores, the last store closed.[3] Office World's website did not stop until 2006.
See also
References
- ^ "Staples to buy Office World UK". theregister.co.uk. 26 March 2004. Retrieved 27 March 2019.
- ^ "OFT publishes clearance decision in acquisition by Staples of Globus Office World". uk.practicallaw.thomsonreuters.com. 5 August 2004. Retrieved 6 July 2020.
- ^ "Staples Office World Conversion". www.ukelectrical.co.uk. November 2005. Retrieved 6 July 2020.