In an effort to focus on its U.S. business, Staples announced it would sell its European business to private equity firm Cerberus Capital Management LP., for $53.65 million. See what this will mean for Staples.
Is Staples looking to exit Europe? It certainly looks that way as CEO and chairman Ronald Sargent said the company has been challenged by weak results in Europe. See what strategic plans Staples has moving forward with its global operations.
UPS announced this week that it has opened a $200 million expansion of its European air hub facility at the Cologne/Bonn Airport in Germany. This facility is one of the largest investments in the shipping titan’s history.
U.S. based footwear merchant Skechers announced that it is planning a major investment and technology upgrade to its European distribution center in Belgium. These investments will improve performance and prepare the facility for a future expansion.