Breakups are hard, but sometimes they’re for the best. ODP, Office Depot’s parent company, is splitting its retail and B2B divisions and creating a new company dubbed NewCo. ODP’s retail operations will include roughly 1,100 Office Depot and OfficeMax stores and the company’s e-comm website. NewCo will operate the office supply distribution units.

Read more here: https://www.morningbrew.com/retail/stories/2021/05/07/office-depot-parent-split-b2b-retail-operation