Deathwatch: Borders goes into administration
Administrators MCR said all 45 Borders stores would remain open while it sought a buyer for all or some of the outlets.
Buy-out talks with WH Smith collapsed at the end of last week while Waterstones owner HMV are believed to be interested in some of the Borders shops. HMV have refused to comment.
Borders stopped taking customers’ book orders earlier in the week as the situation became critical and a number of publishers stopped supplying the company with stock.