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Thomas George Stemberg (January 18, 1949 – October 23, 2015) was an American businessman, investor, and philanthropist. He was a pioneer of the office supplies superstore industry, most notably for founding office supply retail chain Staples Inc. with Leo Kahn .
staples.com. Staples's logo from 1988 to 2019. Staples Inc. is an American office supply retail company headquartered in Framingham, Massachusetts. Founded by Leo Kahn and Thomas G. Stemberg, the company opened its first store in Brighton, Massachusetts on May 1, 1986. [5] By 1996, it had reached the Fortune 500, and it later acquired the ...
Thomas G. Stemberg, prominent Harvard alumnus and Staples Inc. founder, wrote a heavily critical letter addressed to Faust dated January 6, 2013. [78] [79] Stemberg was co-chair of the Friends of Harvard Basketball fundraising group. [78] [80] The 2012–13 Harvard Crimson men's basketball team lost two stars to the scandal. [78]
One of Kahn's biggest rivals was Thomas G. Stemberg, the owner of a competing New England supermarket chain called First National Supermarkets. At one point, Kahn and Stemberg engaged in a price war over the lower price for Thanksgiving turkeys. [5] Kahn sold Purity Supreme to the Supermarkets General Corporation in 1984 for $80 million. [5]
In 1986, Bain provided $4.5 million to two supermarket executives, Leo Kahn and Thomas G. Stemberg, to open an office supply supermarket in Brighton, Massachusetts. [31] The fast-growing retail chain went public in 1989; [32] by 1996, the company had grown to over 1,100 stores, [33] and by 2008, over 2,000 stores. [34]
Staples Canada ULC, operating as Staples (Bureau en Gros in Quebec), [1] is a Canadian retail sales company owned by Sycamore Partners. [2] Staples was founded by Leo Kahn [3] and Thomas G. Stemberg. [4] Since 2017, Staples Canada has operated independently from Staples' U.S. retail and U.S. business-to-business (B2B) operations.
Investments, Venture capital. Website. www.hcp.com. Highland Capital Partners is a global venture capital firm with offices in Boston, Silicon Valley, and San Francisco. Highland has raised over $4 billion in committed capital and invested in more than 280 companies, with 47 IPOs and 134 acquisitions. [1]
Harvard Student Agencies, Inc. (HSA) is the largest student-run company in the world, employing more than 600 Harvard undergraduates each year, and paying more than $1.7M in student wages annually. Founded in 1957, HSA is a multimillion-dollar corporation that provides Harvard University students with meaningful opportunities for employment and ...