Hilco completed the acquisition of the UK retail business of Staples.

Hilco, a multinational financial services holding company, completed the acquisition of the UK retail business of Staples, an American office supply retail company. Financial terms were not disclosed. "Agreeing to sell our UK retail business to Hilco aligns with our go-forward strategy of focusing on our North American and mid-market business, and is a meaningful step in that process," Shira Goodman, Staples CEO and President.