Corporate Express Denies Buyout Talks With Staples
Amsterdam, The Netherlands The Dutch company Corporate Express said Tuesday it was not in talks to be bought by U.S. rival Staples, denying a newspaper report and halving a sharp rise in its shares.
“Such discussions are not taking place,” it said in a statement after noting “rumors in a Dutch morning paper regarding ongoing discussions between Corporate Express and Staples.”
Dutch newspaper De Telegraaf quoted an unnamed Staples source saying that talks were at an early stage. Representatives for Staples in Europe were not available for comment.
Corporate Express, the large office products wholesalers and formerly known as Buhrmann NV, has come under pressure from hedge funds to sell itself, but after a strategic review last year decided to remain a stand-alone company.
Report: Staples not buying Corporate Express
AMSTERDAM Corporate Express, according to reports, said Tuesday that it was not in discussions with Staples for a takeover.
Corporate Express is said to have denied a report in a Dutch paper that rumored the company was considering a deal with Staples.
De Telegraf, a Dutch newspaper, reported that Staples and Corporate Express were in talks, citing an unnamed Staples source.
Natural trends dominate NY Gift Show
NEW YORK The New York Gift Show concluded today at the Jacob Javitz Center, and while trends in the gift business can be somewhat trendier than some of those in housewares generally, as people will buy more stylishly for friends and relatives, the products presented did support the premise that natural is an important segment of the market.
In the tabletop and housewares section of the show, bamboo was big and appeared in everything from decorative accessories, to cutlery, to fabrics, to window shades.
Scent diffusers have almost overtaken candles in their frequency of presentation, but candles still have a significant presence, although shading toward soy and beeswax.
Cutlery stood out in the tabletop category, with colorful and highly decorated handles prominent, and strong design factors, including stylish curves for blades and grips, an evident trend.