It will now become "Make more Happen with Less". Have a nice day.
17 replies (most recent on top)
I have been in the town halls and you don't have to be in the town halls to know that any PE firm is looking to exit the asset at a profit at some point. I agree that the time horizon is 5 to 10 years. I was contesting the sentiment that SP was looking to sell Staples for parts in less than a year. 1) that isn't SP M.O. and 2) there is no way that returns a profit to SP. 5 to 10 years of time with Staples will mean that improvements will have been made to the business making the likelihood that the company gets sold as a unit or IPO's much higher.
Yes. They haven’t “dumped” anything but they bought businesses they are experts in (retail). They originally said they only wanted retail. It’s very clear what their strategy is...bye bye Staples. It’s a joke that people don’t see the writing on the wall. Staples will be cut down and sold off in pieces to other companies. Sure something will remain of Staples (maybe) but it’ll be 25% of the size it is today.
Unless you've been to one of the town halls with Sycamore, you're speaking from assumption. And, if you have gone to one like me and my team has, you would've witnessed them say that Staples-Sycamore isn't meant to be a long-term relationship.
It may take five years. It may take 10 years. The point is that it's not forever. Also, if you look at any venture firm, the average hold is about a decade, unless profits are made quickly.
Have a look at the amount of time that SP has held its retail assets. Show me when they've pumped and dumped like the trolls here think they will with Staples.
There is a difference between eliminating unneeded positions and gutting a business and selling a facade, which is the point it's reaching with Staples. This last layoff was about cutting everyone at level X and pay Y, regardless of performance and regardless of what will happen to whatever area they worked in, so I suspect the sale is already in the works.
Yup. That's what they do for a living. Buy struggling businesses at dirt-cheap prices, gut them into profitability, then sell them for a profit. It's how they make their living. Sure a lot of people will lose their jobs as a result, but they don't care because THAT'S THEIR JOB - to eliminate costly and redundant resources.
One thing we do know... because it's public knowledge, is that Staples WILL be sold off in the future. Sycamore Partners has said repeatedly that, as they're a private equity firm, their plan is to sell Staples at a profit in the near future.
You don't need business acumen to understand their intentions, considering the many times they've openly mentioned them.
Really people? who cares. We all KNOW what they meant. This isn't an English paper.
"Look, staples is dying. It's going to get sold off that we all no."
No should be know....this isn't all that difficult people.
I believe @RA7JiLz-2cij is referring to @RA7JiLz-2qgr's quote.
"No future what's so ever."
Yes, that quote contains erroneous grammar as "what's" means "what is," and the fact it's not a complete sentence. It reads, "no future what is so ever." [sic.]
However, it sounds like @RA7JiLz-2qgr was saying that Staples has no future, "what so ever." The word "know" couldn't possibly fit into the meaning of that quote, however erroneous the quote is.
None of that matters, though. This isn't school. This is a layoff site....
Look two posts below you.
"He doesn't know the difference between "no" and "know", ".....WTF are you talking about? are you responding to a different thread, no where is there a reference to the words "no" or "know" !
He doesn't know the difference between "no" and "know", but we surely can trust he/she has the business acumen to predict the fate of this company.
Look, staples is dying. It's going to get sold off that we all no. No future what's so ever. Get what you can out of it while you are employed
needs to be updated to "It's Repo Time!"
"Make More Happpen" was replaced with "It's Pro Time" nearly a year ago.
b---s---