Feb 16 2011
Citing a lack of capital and a desire to "reposition itself successfully for the long term," Borders Group has filed for bankruptcy owing $1.29 billion, at least $230 million of which is owed to book publishers and distributors. It's supposed assets are listed at $1.275 billion.
As part of its bankruptcy filing, Borders has released a list of 200 stores that will be closed (out of 642 operated by Borders)...
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