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.
Analyze the relationship between 'OfficeMax' and 'Office Depot' within the context of the input sentence.
Options: owner of, business division, owned by, parent organization