He said OfficeMax would remodel at least 100 stores this year as it looks to compete more effectively against Staples Inc. ( SPLS.O ), the industry leader, and Office Depot Inc. ( ODP.N ), which reported higher profit but disappointing sales last week.
In the context of the input sentence, determine the relationship between 'OfficeMax' and 'Office Depot'.
Options: parent organization, owned by, owner of, business division