Boca Raton, Fla. -- Office Depot is expanding into the Caribbean as part of its franchise agreement with Benmore International. The company has opened a store in Santo Domingo, Dominican Republic. It plans to open three additional locations in the Dominican Republic in 2012.
In addition to its operations in various Central American countries and Puerto Rico, Office Depot plans to further expand its business throughout the Caribbean.
“Office Depot is excited to open our first store in the Dominican Republic and we are looking forward to expanding our footprint in the Caribbean territory,” said Ernst Wessel, Office Depot’s VP and managing director for Latin America. “We’ve had considerable success with our franchise model in the Middle East. We believe that the Office Depot business is particularly suitable and attractive as a franchising concept for certain territories and we are actively looking to grow this part of our business in a number of overseas markets.”