Written By: Bookseller Staff Publication Date: Thu, 14/07/2011 - 09:40 Borders could face liquidation in the United States after a committee of unsecured creditors rejected a proposed takeover by private equity firm Najafi Companies. The creditors are concerned Najafi would buy the company at a low price and then liquidate it without benefiting them. The committee said in a court filing: "It neither maximises value for the benefit of unsecured creditors nor provides for the other benefits of a going concern." read more Continue reading at 'The Bookseller'
[ The Bookseller | 2011-07-14 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Thu, 14/04/2011 - 09:11 Borders could become a bookseller with sales of $1.5bn if it emerges from bankruptcy, according to a compensation services firm which has recommended more than $8m in bonuses for senior staff. read more Continue reading at The Bookseller
[ The Bookseller | 2011-04-14 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Thu, 07/04/2011 - 09:05 US publishers have dismissed Borders' recovery plan, which includes revamped stores and increased online sales, as unrealistic and are increasingly gloomy about its future. The New York Times reports Borders senior... Continue reading at The Bookseller
[ The Bookseller | 2011-04-07 00:00:00 UTC ]
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Interest in ebooks has jumped since Borders and Angus & Robertson slipped into voluntary administration. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-03-28 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Tue, 22/03/2011 - 16:31 The Japanese earthquake and tsunami has caused the worst disruption to the Japanese book industry since the Second World War, the president of the Japanese Publishers Association has said. read more Continue reading at The Bookseller
[ The Bookseller | 2011-03-22 00:00:00 UTC ]
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Administrators are trying to sell 103 Borders and Angus & Robertson bookshops, after the parent of the book chains crumbled under its debt burden. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-03-08 00:00:00 UTC ]
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More than 2000 staff who work for the failed Borders and Angus & Robertson bookshop chains face a nervous month. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-03-03 00:00:00 UTC ]
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As the bookstore chains grew in the 1980s and 90s, the number of independent booksellers fell dramatically, but those that survived expect little pop from the impending closing of 200 Borders stores as part of the retailer's bankruptcy reorganization. Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-02-28 00:00:00 UTC ]
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The book publishing industry was just beginning to grapple last week with the many repercussions the Borders Group Chapter 11 filing will bring to all facets of the industry. The most immediate impact, of course, is the loss of revenue associated with the bankruptcy itself. Continue reading at Publishers Weekly
[ Publishers Weekly | 2011-02-21 00:00:00 UTC ]
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Anger as customers at Borders and Angus & Robertson told they must spend double the amount on their gift certificates at the failed booksellers. Continue reading at The Sydney Morning Herald
[ The Sydney Morning Herald | 2011-02-18 00:00:00 UTC ]
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Written By: Bookseller Staff Publication Date: Thu, 17/02/2011 - 09:33 Borders could close a further 75 branches in addition to the 200 it is attempting to liquidate, as it revealed it was losing around $2m per week. read more Continue reading at The Bookseller
[ The Bookseller | 2011-02-17 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Wed, 16/02/2011 - 12:30 Borders US has filed for Chapter 11 bankruptcy, blaming a decrease in consumer spending, a lack of liquidity and ongoing discussions with publishers. The widely expected move will mean Borders will try to restructure its... Continue reading at The Bookseller
[ The Bookseller | 2011-02-16 00:00:00 UTC ]
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Written By: Graeme Neill Publication Date: Mon, 14/02/2011 - 08:46 Borders is expected to file for bankruptcy as soon as tomorrow [15th February], after it failed to agree new funding of more than $1bn with lenders. The book retailer has been struggling for months, with Publishers Weekly... Continue reading at The Bookseller
[ The Bookseller | 2011-02-14 00:00:00 UTC ]
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Written By: Graeme Neill Borders has told some US publishers and landlords it is delaying January payments to them, in a bid to complete a debt restructuring. The announcement comes just days after the troubled retailer secured funding from GE Capital. Reuters reports Borders said the move will... Continue reading at The Bookseller
[ The Bookseller | 2011-01-31 00:00:00 UTC ]
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Written By: Lisa Campbell Independent bookshop Bookthrift in Chesham is closing after five years trading, blaming poor sales and more people buying online and in supermarkets. The four staff in the Chiltern Hills shop in Buckinghamshire will be made redundant when it closes, although its final... Continue reading at The Bookseller
[ The Bookseller | 2011-01-28 00:00:00 UTC ]
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Written By: Graeme Neill Borders has finally secured an agreement for fresh funding, with GE Capital providing $550m of new cash, but only if publishers stump up $125m. Publishers Weekly reports the troubled retailer has said for the first time that it doesn't rule out the possibility of... Continue reading at The Bookseller
[ The Bookseller | 2011-01-28 00:00:00 UTC ]
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Written By: Caroline Horn School library services (SLS) in Birmingham and Sutton are to close or substantially reduce the service they offer to schools, while in Greenwich the service suspended on a temporary basis in 2009 will not now be resumed. The news follows recent closures of services... Continue reading at The Bookseller
[ The Bookseller | 2011-01-27 00:00:00 UTC ]
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