Kaluzny: Staples generated up to 80% of its profits from B2B logistics
Stefan Kaluzny · Stefan Kaluzny – Sycamore Partners [Manager Meetings, EP.16] · Oct 21, 2021 · at 45:18
Stefan Kaluzny, founder of Sycamore Partners, details the investment thesis behind the firm's $17 billion acquisition and carve-out of Staples.
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“The vast majority, 65% of the sales and 75 or 80% of the profits were really a B to B services company that was a logistics company, to be Alcorant, that delivered two hundred million packages a year overnight to the Fortune 1000.”
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