OFFICE DEPOT OPENS 1ST CARIBBEAN STORE FRANCHISE

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Date: Thursday September 15, 2011 08:59:38 am
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    Office Depot Opens First Caribbean Store under Franchise Agreement with Benmore International

    BOCA RATON, Fla., Sep, 2011  — Office Depot , a leading global provider of office supplies and services, announced today that it is now expanding its retail store presence in the Caribbean territory as part of its franchise agreement with Benmore International.

    Through its relationship with Benmore International, Office Depot initially launched a delivery business for customers at the end of last year. In August 2011, the first Office Depot retail store location opened in Santo Domingo, Dominican Republic at the Galeria 360 on John F. Kennedy Ave., one of the city’s busiest avenues. Office Depot is planning three additional Dominican Republic stores scheduled to open in 2012. In addition to its operations in various Central American countries and Puerto Rico, Office Depot plans to further expand its business throughout the Caribbean.

    Office Depot has executed a successful franchise business model in other parts of the world, including the Kingdom of Saudi Arabia, the United Arab Emirates and in Kuwait.

    "Office Depot is excited to open our first store in the Dominican Republic and we are looking forward to expanding our footprint in the Caribbean territory," said Ernst Wessel, Office Depot’s Vice President and Managing Director for Latin America. "We’ve had considerable success with our franchise model in the Middle East. We believe that the Office Depot business is particularly suitable and attractive as a franchising concept for certain territories and we are actively looking to grow this part of our business in a number of overseas markets."’

    "Office Depot has one of the most recognizable brand names in the world; and because of the proximity of Office Depot’s global headquarters in Florida, it makes great business sense for us to partner with this established multi-channel retailer to serve customers in the Dominican Republic and other Caribbean countries," said Rosalina Trueba de Prida, VP and Executive Director for Benmore International.

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