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Office supply giant jumps into same-day delivery
Office Depot is launching a same-day delivery program in three markets. The service, powered by Deliv, will be available on August 28 in Atlanta and Los Angeles, and on September 6 in Ft. Lauderdale/Miami. It is expected to be rolled out in several additional markets by the end of December. -
Walmart heirs buy majority stake in British bikewear brand
Rapha, the upmarket and trendy British bikewear brand, has been sold to two grandsons of Sam Walton, founder of Wal-Mart Stores. Rapha, founded by branding consultant and lifelong cyclist Simon Mottram in 2004, has been sold to RZC Investments, a private equity firm run by Steuart and Tom Walton, who are reported to be committed mountain bikers. The firm also has an investment in bike maker Allied Cycle Works, based in Little Rock, Ark.

