NEW YORK — Leo Kahn, who co-founded Staples and helped start the age of "big box" retail stores, died Wednesday in Boston. He was 94.
Kahn first made his name in the grocery business in New England. He started Staples with a former competitor, Tom Stemberg, in 1985, after they decided to go into business together and wanted new ideas outside groceries.
At the time, there were no office-supply superstores. Kahn and Stemberg were touring different types of stores each Friday afternoon and one day during a trip to warehouse clubs, they noticed an abundance of office supplies on sale.
Stemberg became CEO and Kahn, in his late 60s at the time, chairman. They started the chain the next year with investments from former Massachusetts Gov. Mitt Romney and investment firm Bain Capital.
- AirAsia plane carrying 162 lost in stormy...
- Cancer patient turns big goodbye to wedding...
- Box Office: 'Hobbit' wins Christmas, 'Big...
- Heroes 2014: Meet the disruptive visionary...
- Yes-We-Can president faces twilight of maybes
- Q&A on what might have happened to AirAsia...
- Key developments in disappearance of AirAsia jet
- What the Senate’s tax break extensions...
- Obama 's Christmas in Hawaii: Carols,... 16
- Yes-We-Can president faces twilight of... 14
- On Christmas, Obama marks end of Afghan... 13
- Officer kills armed 18-year-old near... 11
- N. Korea compares Obama to monkey in... 10
- Senate, CIA agree torture program was... 7
- Largest quarterly GDP growth since 2003... 7
- Jeb Bush to step down from Tenet... 5