Borders seeks court approval for closing-down sales

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US book sales hold up, despite Borders collapse and e-book growth

The Bookseller – 2012-01-11

Print books sales in the US fell 9% in 2011, with strong growth in digital sales appearing to...

After Borders

Publishers Weekly – 2011-09-02

Although Books-A-Million garnered attention for its acquisition of 14 Borders locations last week, many former Borders stores are about to have other new tenants.

Borders 'terminates' president and c.f.o.

The Bookseller – 2011-08-05

Written By: Charlotte Williams Publication Date: Fri, 05/08/2011 - 08:20 Borders US has "terminated" the employment of its president Michael J Edwards and executive vice president and chief...

Independent bookstores look to life after Borders

Baltimore Sun – 2011-07-31

Jay Hancock: Is the death of Borders a bell that tolls for the book trade? Or a business opportunity?

A Sad Goodbye to Borders

Folio Magazine – 2011-07-28

With this closure, our market is losing a progressive magazine retailer.

A World Without Borders

Publishers Weekly – 2011-07-22

It might seem only reasonable for independents to gloat, at least a little, now that one of their biggest competitors, Borders Book Group, which had 1,249 stores in 2003, has begun closing its...

Books-A-Million in last-minute Borders bid

The Bookseller – 2011-07-22

Written By: Bookseller Staff Publication Date: Fri, 22/07/2011 - 09:32 Books-A-Million has bid for up to 35 US Borders stores in a last-minute offer to try and save part of the 40-year-old...

Borders liquidation approved by bankruptcy judge

Reuters – 2011-07-22

NEW YORK (Reuters) - Borders Group Inc , won bankruptcy court approval on Thursday to liquidate its 40-year-old business, effectively spelling the end for the second-largest U.S. book retailer.

Selling After Borders

Publishers Weekly – 2011-07-22

It's no secret that Borders was hemorrhaging money long before it sought chapter bankruptcy protection five months ago. Because of the company's shaky finances, most publishers began transitioning...

Borders Succumbs to Digital Era in Books

The Wall Street Journal – 2011-07-20

The imminent demise of Borders marks the first major casualty of a digital era. But the store closings also will mean fewer opportunities for shoppers to wander the book aisles, a loss that will...

With 5 Borders likely to close in Sacramento area, patrons bemoan expected loss

SacBee – 2011-07-20

Borders was once so powerful, it could devastate the competition – even independent bookstores in a fiercely independent university town like Davis. Sisters Julia, 23, left, and Megan Aube of Davis...

Borders demise seen a small help to Barnes & Noble

Reuters – 2011-07-19

NEW YORK (Reuters) - Bookstore chain Barnes & Noble Inc will eventually feel a modest boost from the liquidation of its largest rival, Borders Group Inc, but still faces stiff competition and an...

Borders is Toast, But Don't Blame E-Books

PC World – 2011-07-19

A physical bookstore closes, but it's not the fault of e-books. Presented By: Get Ready for Tomorrow Today with Cisco The way the world consumes and shares data will dramatically change in the next...

Borders US to close

The Bookseller – 2011-07-19

Written By: Bookseller Staff Publication Date: Tue, 19/07/2011 - 09:10 The final death knell for Borders US sounded yesterday as the company said its remaining 399 stores would begin winding down...

Borders' seeks approval to liquidate

San Francisco Chronicle – 2011-07-19

(07-18) 16:27 PDT New York (AP) -- There will be no storybook ending for Borders. The 40-year-old book seller could start liquidating its 399 remaining stores as early as Friday. The Ann Arbor,...

Borders' seeks approval to liquidate, close stores

Boston.com – 2011-07-19

There will be no storybook ending for Borders. The 40-year-old book seller could start shuttering its 399 remaining stores as early as Friday.

"Last minute" bid needed for Borders

The Bookseller – 2011-07-15

Written By: Bookseller Staff Publication Date: Fri, 15/07/2011 - 08:50 Borders could cease to exist by the end of next week although the retailer's lawyer said it has received other inquiries that...

Borders loses Najafi deal, may face liquidation

Reuters – 2011-07-15

NEW YORK (Reuters) - Borders Group Inc moved closer to going out of business as a bankruptcy judge approved a plan to liquidate the second-largest U.S. book retailer after a sale to private equity...

Judge okays Borders auction, liquidators open bid

San Francisco Chronicle – 2011-07-15

(07-14) 12:03 PDT NEW YORK, (AP) -- Borders Group, the nation's second largest book store chain that once operated over 1,000 stores, appears headed for liquidation after a judge on Thursday approved...

Borders US could face liquidation

The Bookseller – 2011-07-14

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...

Borders Resolution in Sight

Publishers Weekly – 2011-07-01

Ever since Borders Group filed for Chapter 11 in February, one of the overriding concerns of the major publishers has been that the bankruptcy process not be dragged out.

Borders US agrees sale to Najafi

The Bookseller – 2011-07-01

Written By: Bookseller Staff Publication Date: Fri, 01/07/2011 - 09:13 Borders in the US has agreed to sell to private investment firm Najafi for $215m (£135m), it has been announced today. The...

Borders cuts losses as suitors circle

The Bookseller – 2011-06-22

Written By: Bookseller Staff Publication Date: Wed, 22/06/2011 - 09:15 Borders has cut its net losses by almost $100m (£61.7m) in May as two "buyout moguls" have emerged as contenders to take over...

Barnes & Noble results hurt by Borders bankruptcy

Reuters – 2011-06-21

NEW YORK (Reuters) - Barnes & Noble Inc reported a deeper-than-expected quarterly loss on Tuesday as the largest U.S. bookstore chain came under pressure from the going-out-of-business sales of...

Borders to name bidder by July 1

Reuters – 2011-06-20

BANGALORE (Reuters) - Bankrupt bookstore chain Borders Group Inc said it will name a "stalking horse" bidder by July 1 and is looking to complete the sale of all its assets by the end of July.

Borders close to deal to avoid store closures

Reuters – 2011-06-16

NEW YORK (Reuters) - Bankrupt book store chain Borders Group Inc said on Wednesday it canceled an auction to select a liquidator to close some of its most profitable and high profile stores.

Borders May Avoid Some Store Closings With Lender, Creditor Deal

BusinessWeek – 2011-06-16

Borders Group Inc., the bankrupt bookstore chain, said it may have a deal with lenders and creditors to avoid closing as many as 51 stores, and it canceled an auction scheduled for today, according...

Borders to Avoid Some Closings

The Wall Street Journal – 2011-06-16

Beleaguered bookstore chain Borders Group reached a tentative deal with bankruptcy lenders to avoid closing more than three dozen stores.

Borders staves off closing of six bookstores

Reuters – 2011-06-11

NEW YORK (Reuters) - Bankrupt Borders Group Inc reached agreements to avoid shuttering six of its stores that the bookseller planned to close under the terms of its bankruptcy loan.

Downtown Crossing Borders to close

Boston.com – 2011-06-11

The troubled Borders Group bookstore chain is closing its Downtown Crossing location as early as August, leaving a big, empty storefront in the heart of the city.

Borders may have to close some of its best stores

Reuters – 2011-06-09

NEW YORK (Reuters) - Bankrupt Borders Group Inc said it may have to close up to 51 more stores -- including some of its most successful -- as the shrinking bookstore chain struggles to avoid...

Second private equity firm interested in Borders US

The Bookseller – 2011-06-09

Written By: Lisa Campbell Publication Date: Thu, 09/06/2011 - 09:19 Private equity firm Najafi Companies is reportedly in discussions to buy Borders in America. The Wall Street Journal said "people...

Najafi Companies in discussions to buy Borders: report

Reuters – 2011-06-08

(Reuters) - Private-equity firm Najafi Companies is one of the suitors looking to buy the bulk of bankrupt bookseller Borders Group Inc's , the Wall Street Journal reported, citing multiple sources.

Borders closes remaing Australian stores, 315 job losses

The Bookseller – 2011-06-02

Written By: Lisa Campbell Publication Date: Thu, 02/06/2011 - 09:20 Borders stores in Australia will cease to exist in two weeks as the remaining stores were given their final death knell yesterday...

Borders closes remaining Australian stores

The Bookseller – 2011-06-02

Written By: Lisa Campbell Publication Date: Thu, 02/06/2011 - 07:50 Borders stores in Australia will cease to exist in two weeks as the remaining stores were given their final death knell yesterday...

Buyout firm Gores in talks with Borders: report

Reuters – 2011-06-02

NEW YORK (Reuters) - Private equity firm Gores Group is in talks to buy more than half of bankrupt bookseller Borders Group Inc's remaining stores, the Wall Street Journal reported on Wednesday,...

The end: Borders to close remaining stores

The Sydney Morning Herald – 2011-06-02

The last nine Borders stores in Australia will close after no buyers could be found for the bookseller chain, the administrator said today.

More store closures loom for Borders, A&R

The Sydney Morning Herald – 2011-05-30

More closures of Borders and Angus & Robertson book stores loom after the administrator told staff negotiations with creditors had ended.

Borders seeks to extend restructuring period

Reuters – 2011-05-21

NEW YORK (Reuters) - The bookstore chain Borders Group Inc on Thursday asked a bankruptcy court judge to extend the time during which it has exclusive rights to propose a reorganization plan to...

Borders Group in talks for deal: source

Reuters – 2011-05-14

(Reuters) - Bankrupt bookseller Borders Group Inc said it has received indications of third-party interest for its business that could keep it running as a going concern, a source close to the matter...

Borders Said to Attract No Bidder For Whole Bookstore Chain

BusinessWeek – 2011-05-14

Borders Group Inc., the bankrupt U.S. bookstore operator looking to reorganize, has so far failed to find a bidder for the entire chain, according to four people familiar with the matter.

No takers to buy all of Borders: report

Reuters – 2011-05-14

(Reuters) - Bankrupt bookseller Borders Group Inc has so far failed to find a bidder for the entire chain, Bloomberg reported, citing four people close to the matter.

Judge Clears Bonuses at Borders

The Wall Street Journal – 2011-04-23

A bankruptcy judge signed off on more than $6 million in bonuses at Borders after the bookseller stiffened payment provisions.

Judge okays Borders plan to pay $6.6M in bonuses

San Francisco Chronicle – 2011-04-23

(04-22) 13:08 PDT New York (AP) -- A lawyer for bookseller Borders Group Inc. says a judge has approved paying executives up to $6.6 million in bonuses as the company works to reorganize under...

Borders "could become $1.5bn company"

The Bookseller – 2011-04-14

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...

Publishers gloomy on Borders' turnaround plan

The Bookseller – 2011-04-07

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...

Borders collapse: readers turn to e-books

The Sydney Morning Herald – 2011-03-28

Interest in e-books has jumped since Borders and Angus & Robertson slipped into voluntary administration.

Borders, A&R call time on book vouchers

The Sydney Morning Herald – 2011-03-23

Customers holding Borders and Angus & Robertson have just days to redeem their book vouchers before they expire.

Media Decoder: Borders Is Closing 28 Additional Stores

The New York Times – 2011-03-18

The bookstore chain has already marked 200 for liquidation.

For Borders, a Scramble to be Lean

The Wall Street Journal – 2011-03-14

Borders President Mike Edwards said the bookseller hopes to exit bankruptcy-court protection by summer's end after getting a head-start on its restructuring by targeting 200 superstores for closure.

Wanted: buyers for Borders

The Sydney Morning Herald – 2011-03-08

Administrators are trying to sell 103 Borders and Angus & Robertson bookshops, after the parent of the book chains crumbled under its debt burden.

Jobs go as A&R, Borders stores close

The Sydney Morning Herald – 2011-03-03

More than 2000 staff who work for the failed Borders and Angus & Robertson bookshop chains face a nervous month.

A World with Fewer Borders

Publishers Weekly – 2011-02-28

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...

Borders bankruptcy spells problems for Washington area businesses

The Washington Post – 2011-02-21

Local retail landlords are set to take a bruising from the closure of several Borders bookstores, which will deny them millions of dollars in rent and put tens of thousands of square feet on the...

Borders Bankruptcy to Ripple Through Industry

Publishers Weekly – 2011-02-21

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...

End of chapter for Borders bookseller

The Washington Post – 2011-02-20

Borders Group filed for Chapter 11 bankruptcy protection after failing to secure new financing. The company could not overcome twin issues of the drag in consumer spending and the rise of fierce...

How Borders lost its soul

Salon.com – 2011-02-20

When I was a teenager, there were two off-campus bookstores that shaped my reading life. The first was Jocundry's, in East Lansing, Mich., which I discovered when I was in high school. I could always...

Borders Bankruptcy May Snuff Ackman’s Merger Ambitions

BusinessWeek – 2011-02-18

William Ackman, whose stake in Borders Group Inc. will probably be wiped out by bankruptcy, also may be thwarted in his ambition to wed the bookstore chain to larger Barnes & Noble Inc., analysts...

Double trouble for Borders' gift vouchers

The Sydney Morning Herald – 2011-02-18

Anger as customers at Borders and Angus & Robertson told they must spend double the amount on their gift certificates at the failed booksellers.

Borders’ Bankruptcy Shakes Industry

The New York Times – 2011-02-17

A Borders in Farmington Hills, Mich., closed last month. Some publishers question whether the chain can fix its finances.

Borders could close a further 75 branches

The Bookseller – 2011-02-17

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...

Fisher: Life after Borders - losing precious community gathering places

San Jose Mercury News – 2011-02-17

Customers lament closing of big-box bookstores

Borders to shut 11 area stores in bankruptcy filing

San Francisco Chronicle – 2011-02-17

The president of the American Booksellers Association likened it to "a slow-motion train wreck." Lying in the wreckage are at least 11 Borders stores out of 19 in the Bay Area, some of which will...

Media Retail Store Chain Borders Files for Bankruptcy

Digital Media Wire – 2011-02-17

Ann Arbor, Mich. - Bookseller and media retail store chain Borders Group (NYSE: BGP) on Wednesday filed for Ch. 11 bankruptcy protections, which president Mike Edwards said "will give Borders the...

As Borders files for Chapter 11, independent booksellers see an opportunity

SacBee – 2011-02-17

Some Sacramento area independent bookstore owners are hoping to reap a benefit from Borders' long-delayed decision to file for bankruptcy protection and close nearly a third of its "superstores,"...

Borders, Angus go bust

The Sydney Morning Herald – 2011-02-17

Iconic book brands Borders, Angus & Robertson have been placed into administration, putting at risk some 2500 jobs.

Borders files bankruptcy as it struggles to respond to changes in book market

The Washington Post – 2011-02-17

The story of Borders Group has apparently reached its climax.

Borders bookseller files for bankruptcy protection

CBC – 2011-02-16

Bookseller Borders, which helped pioneer superstores that put countless small local bookshops out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and sluggishness in...

Borders files for bankruptcy, to close 200 stores

Reuters – 2011-02-16

NEW YORK/WILMINGTON, Delaware (Reuters) - Borders Group Inc filed for bankruptcy protection and said it would close about one-third of its bookstores, after years of shriveling sales that made it...

Borders US applies for Chapter 11 bankruptcy

The Bookseller – 2011-02-16

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...

Borders seeking $450 million bankruptcy loan: RLPC

Reuters – 2011-02-16

WILMINGTON, Delaware (Reuters) - Ailing book chain Borders Group Inc is seeking a $450 million loan to keep its shelves stocked during an imminent Chapter 11 bankruptcy, Reuters Loan Pricing Corp...

Borders files for bankruptcy protection

L.A. Times – 2011-02-16

Bookseller Borders, which helped pioneer superstores that put countless small local bookshops out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and sluggishness in...

Are Books Dying? Borders Chain in Bankruptcy

ABC News – 2011-02-16

Another bookseller hits the rocks.

Borders files for Ch. 11 bankruptcy protection, plans to close about 200 stores

San Jose Mercury News – 2011-02-16

NEW YORK -- Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and...

Borders files for Ch. 11 bankruptcy protection

San Francisco Chronicle – 2011-02-16

(02-16) 07:43 PST New York, NY (AP) -- Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Wednesday, sunk...

Publisher demands delaying Borders liquidation

The Bookseller – 2011-02-15

Written By: Bookseller Staff Publication Date: Tue, 15/02/2011 - 08:53 Publishers' demands for control of pricing in Borders' closing sales are delaying its impending bankruptcy ruling. Reuters...

Borders eyes store closingsa and liquidations: sources

Reuters – 2011-02-15

WILMINGTON, Del./NEW YORK (Reuters) - Bookseller Borders Group Inc is reviewing bids from liquidators to close hundreds of stores as it works out the final details of its impending bankruptcy...

Borders expected to file for bankruptcy

The Bookseller – 2011-02-14

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...

Borders bankruptcy could come next week: report

Reuters – 2011-02-12

NEW YORK (Reuters) - Bookseller Borders Group Inc could file for bankruptcy as soon as Monday or Tuesday, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Borders receives delisting warning from NYSE

Reuters – 2011-02-05

SAN FRANCISCO (Reuters) - Troubled bookseller Borders Group Inc said on Friday that the New York Stock Exchange warned it its low share price did not meet listing requirements.

Borders may file for bankruptcy this month: source

Reuters – 2011-02-02

WILMINGTON, Delaware (Reuters) - Borders Group Inc, the second-largest U.S. book chain, may file for bankruptcy later this month, a source familiar with matter said.

Borders delays January payments to some suppliers

The Bookseller – 2011-01-31

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...

Borders to Delay January Payments

The Wall Street Journal – 2011-01-31

Cash-strapped Borders Group said Sunday that it will delay January payments to vendors, landlords and others, as indications grow that the bookstore chain could be headed for bankruptcy court.

Borders secures funding but doubts remain over future

The Bookseller – 2011-01-28

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...

Borders close to securing refinancing: report

Reuters – 2011-01-14

(Reuters) - Bookseller Borders Group Inc told publishers in a meeting it was close to securing refinancing from GE Capital and other lenders, the New York Times reported, citing people familiar...

Borders Said to Be Close to Securing Refinancing

The New York Times – 2011-01-14

The troubled bookseller eliminated 15 managerial positions on Thursday as it seeks to stay afloat.

Hachette Borders claim still ongoing

The Bookseller – 2011-01-12

Hachette's retention of title (ROT) claim...

Borders US to cut 300 distribution jobs

The Bookseller – 2011-01-12

One of Borders US’ distribution centres is...

Barnes & Noble Up, Borders Down

The New York Times – 2011-01-07

Unlike its struggling rival Borders, Barnes & Noble, the nation's largest book chain, said on Thursday that it finished the holiday season with stronger sales than expected, reporting its highest...

Borders Gains on Report Jefferies Aiding Restructuring

BusinessWeek – 2011-01-07

Borders Group Inc., the second- largest U.S. bookstore chain, surged in after-hours trading on a report that Jefferies & Co. is helping the company restructure its debt.

Publishers losing confidence in Borders' survival

The Bookseller – 2011-01-07

Publishers are losing confidence in Borders'...

Barnes & Noble warns over special terms to Borders

The Bookseller – 2011-01-05

US bookseller Barnes & Noble could scupper...

Credit Suisse upgrades Barnes & Noble on Borders woes

Reuters – 2011-01-05

NEW YORK (Reuters) - Credit Suisse upgraded Barnes & Noble Inc shares, citing benefits the top U.S. bookstore chain could reap from the woes faced by smaller rival Borders Group Inc , which...

UK publishers concerned by 'train wreck' Borders

The Bookseller – 2011-01-05

British publishers have described events at...

Borders to Meet With Publishers

The New York Times – 2011-01-04

A Borders in New York City. Sales at Borders have fallen and it has delayed paying publishers.

Two Borders' execs resign; B&N's Nook boosts holidays

Reuters – 2011-01-04

NEW YORK (Reuters) - Barnes & Noble Inc reported strong preliminary holiday results at its superstores, led by the popularity of its Nook e-readers, and shares of the top U.S. bookseller...

Borders distributor halts shipments to chain: report

Reuters – 2011-01-03

PHILADELPHIA (Reuters) - Book distributor Rowman & Littlefield Publishing Group Inc temporarily stopped shipping books to Borders Group Inc after the bookstore chain said it would delay...

Stopped Shipments A Death Knell for Borders?

The New York Observer – 2011-01-03

Independent booksellers have license to smirk as Borders' precarious finances force publishers to halt shipments to the retail giant.

Borders delaying payments to some vendors

Reuters – 2010-12-31

NEW YORK (Reuters) - Bookseller Borders Group Inc is delaying payments to some of its vendors, a company spokeswoman said on Thursday, sending its shares down 11 percent.

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