123inkt.nl to acquire Staples Benelux

123inkt.nl to acquire Staples Benelux

123inkt.nl has reached agreement on the acquisition of Staples Benelux. The company called it a “strategic acquisition”, saying that the strategic acquisition enriches 123inkt.nl’s knowledge in the office supplies market, allowing the organisation to take the...
Bankruptcy to conceal fraud?

Bankruptcy to conceal fraud?

A US businessman has been accused by a credit card processing company of hiding his fraudulent toner cartridge activities by filing for Chapter 11 bankruptcy protection. In April, David Reich from Veteran Toner filed for Chapter 11 bankruptcy protection, declaring...
Suppliers give Sears the cold shoulder

Suppliers give Sears the cold shoulder

Sears has been receiving vehement objections from many of its suppliers, including Clover Technologies, regarding its intention to liquidate over 140 stores. As RETAILDIVE reports, these suppliers stated that “Sears’ plans for going out of business sales don’t offer...
Adveo declares bankruptcy

Adveo declares bankruptcy

The European office supplier has declared bankruptcy after various takeover attempts fell through. According to El Confidencial, the company has presented the declaration of insolvency to the National Securities Market Commission (CNMV). The most recent takeover talks...
Beta Distribution goes into administration

Beta Distribution goes into administration

Following the news in August that Beta Solutions GmbH in Germany had filed for bankruptcy, Beta Distribution is following suit. As CRN reports, following its confirmation a few weeks ago that “multiple credit insurers had withdrawn cover”, Beta Distribution has gone...