The abrupt departure of Darren Fullerton from Winc and the management changes at leading wholesaler Dynamic Supplies reflect an even more challenging environment in the office products industry.
Winc’s US private equity owners Platinum Equity are obviously concerned at the current rate of return on their investment.
A new CEO will have to do more than move the deck chairs around so look for some major restructuring of the business model.
For Dynamic Supplies, the mission is to be the pre-eminent wholesaler in the OP sector under owner Alex Piccinini, who is now back on the MD’s chair after a lengthy sabbatical.
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