22 November 2016 - Janet Bird
Stationery retailer Staples has become the latest well-known brand to leave Britain's high streets.
The retailer's US owner has sold the company to restructuring company Hiclo for what has been described as a "nominal sum".
Hiclo has confirmed it plans to phase out the brand over the coming months.
It is not yet known what will happen to the retailer's 1,100 staff or its 106 UK stores.