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Staples's logo from 1988 to 2019. Staples Inc. is an American office supply retail company headquartered in Framingham, Massachusetts. Founded by Leo Kahn and Thomas G. Stemberg, the company opened its first store in Brighton, Massachusetts on May 1, 1986. [5]
He started his career with the Jewel Company's Star Markets where he became the vice president for the company's sales and merchandising division. [10]In 1986, Stemberg started Staples with backing from private equity firms, including Hambro International Ventures, Harvard Management, Bessemer Ventures, Adler & Company, and Bain Capital; [11] Bain co-founder Mitt Romney served on the company's ...
Leo Kahn (December 31, 1916 – May 11, 2011) was an American reporter and businessman. He is credited as the co-founder of Staples Inc. [1] [2] Kahn is also considered a pioneer of the natural and health food supermarket industry, founding the Fresh Fields and Nature's Heartland chains, which are now part of Whole Foods Market.
In his business capacity at Staples, Krasnow procured the naming rights to the Staples Center in LA and won a gold "Clio" award for the best retail advertising in the United States. [6] [7] [4] Krasnow co-founded Zoots with Thomas G. Stemberg in 1998, and served as CEO until 2003. He was Chairman of Zoots from 2003 until its sale in 2008.
The firm's first significant success was a 1986 investment to help start Staples Inc., after founder Thomas G. Stemberg convinced Romney of the market size for office supplies and Romney convinced others; Bain Capital eventually reaped a nearly sevenfold return on its investment, and Romney sat on Staples's board of directors for over a decade.
Staples Business Advantage is the contract division of Staples Inc., providing a membership program for office products, technology products, facilities supplies and breakroom supplies to businesses and institutions. Established in 1993 as Staples Contract and Commercial, the division was rebranded as Staples National Advantage and Staples ...
Staples Canada ULC, operating as Staples (Bureau en Gros in Quebec), [1] is a Canadian retail sales company owned by Sycamore Partners. [2] Staples was founded by Leo Kahn [3] and Thomas G. Stemberg. [4] Since 2017, Staples Canada has operated independently from Staples' U.S. retail and U.S. business-to-business (B2B) operations. [5]
Myra M. Hart was a founding member of Staples Inc. She graduated from Cornell University with a B.A. in 1962 and an MBA from Harvard in 1981. She obtained a DBA from Harvard University in 1995. She was Professor of Entrepreneurship at Harvard Business School from 1995-2007.