Office stationery brand Staples is to disappear from the UK high street after its US owner sold the struggling business.
The UK arm of American firm Staples – which employs around 1,100 staff across 106 stores in Britain – has been bought by restructuring specialist Hilco for a “nominal sum”.
Hilco said it would phase out the Staples brand in the UK over the coming months.
Plans for the store estate and the impact on staff are not yet known.
Paul McGowan, of Hilco Capital, said: “While retail in the UK has been challenged recently, a team led by retail veteran Alan Gaynor will work al…
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