Some or all of remaining Borders stores to be liquidated by Nov 13

BookBrowse News - The Full Story

Some or all of remaining Borders stores to be liquidated by Nov 13

Jul 15 2011

Yesterday, The New York Times reported that embattled bookseller Borders is likely to face liquidation after a committee of its unsecured creditors rejected a buyout proposal from private equity firm Najafi Cos, on the basis that Najafi would be getting the assets too cheaply and was more than likely to liquidate them itself for a profit later.

Today, Publishers Weekly posted a list of remaining Borders stores saying "even in the best case scenario a large number of outlets will be closed. If the stalking horse $215.1 million offer by the liquidator group is accepted all outlets will be closed and inventory sold...by November 13.

More News Stories

Support BookBrowse

Become a Member and discover books that entertain, engage & enlighten!

Join Today!

Editor's Choice

  • Book Jacket
    Tender
    by Belinda McKeon
    Most of us have heard the slightly trite saying: "If you love something, set it free." But one can ...
  • Book Jacket
    All Tomorrow's Parties
    by Rob Spillman
    In this absorbing memoir, co-founder of Tin House magazine, Rob Spillman, recalls his artistic ...
  • Book Jacket: Strangers in Their Own Land
    Strangers in Their Own Land
    by Arlie Russell Hochschild
    Arlie Russell Hochschild's dive into the heart of Tea Party America is as good a glimpse of ...

Book Discussion
Book Jacket
The Sellout
by Paul Beatty

The first book by an American author to win the prestigious Man Booker Prize.

About the book
Join the discussion!

First Impressions

  • Book Jacket

    I See You
    by Clare Mackintosh

    A dark and compelling thriller about an everyday woman trapped in the confines of her everyday world.
    Reader Reviews

  • Book Jacket

    The Fifth Petal
    by Brunonia Barry

    Beloved author Brunonia Barry returns to the world of The Lace Reader with this spellbinding new thriller.
    Reader Reviews

Who Said...

Never doubt that a small group of thoughtful, committed people can change the world...

Click Here to find out who said this, as well as discovering other famous literary quotes!

Word Play

Solve this clue:

K Your F C

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.