Future of office supplies firm thrown into doubt
The future of Leicester-based Office Depot has been thrown into doubt, according to reports.
The Telegraph says that credit insurer Euler Hermes has told suppliers over the last two weeks that it was no longer prepared to cover transactions with Office Depot Europe, owned by German investment firm Aurelius.
Office Depot UK is based on Beaumont Leys Lane in Leicester. It has been selling office supplies since 1991.
The firm’s latest results show it had revenues of £202m in 2017, making a loss of £9.6m. At the time the company employed 404 people.
