Deathwatch: Borders goes into administration

26 November 2009

retaildeathwatch Borders, the 45-shop book chain, has gone 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.

TOPICS:   High Street News

13 comments

  • Nobby
    Yeah ... bargains ahoy as they sell of stock cheap and only 1100 out of work.
  • Cheney
    ...got 1 near me, been open a few years...visited twice...bought nothing...impressive store / concept with the coffee shop, huge range of mags etc...but even back then ( let alone now in the credit recession crunch ) I thought how can they possibly survive at their prices with the advent ot the tinternetweb and companies like play, amazon, hmv etc etc etc etc etc with their great - free del - media deals etc. I rest my case
  • Cheney
    ...got 1 near me, been open a few years...visited twice...bought nothing...impressive store / concept with the coffee shop, huge range of mags etc...but even back then ( let alone now in the credit recession crunch ) I thought how can they possibly survive at their prices with the advent ot the tinternetweb and companies like play, amazon, hmv etc etc etc etc etc with their great - free del - media deals etc. I rest my case
  • William
    Makes sense, the librarys are free.
  • Exactly
    Titanic sinks.
  • Bo
    This happened months ago
  • SFJ
    Not surprising. I remember when the big Borders store opened on Oxford St in London we used to go in for the atmosphere, to listen to the CDs, etc but usually ending up buying at someplace cheaper. I feel sorry for the employees but no problem saying bye to a big American company that couldnt cut it in the UK.
  • Mark C.
    What's a book?
  • Nobby
    Countdown to the big sell off. Will the prices of their stock now go as low as other bookshops and amazon?
  • Mark C.
    What's a book?
  • Mark C.
    What's a book?
  • Mark C.
    Ooops. I didn't mean to spam. I tried to leave a message but it seemed to not register at the time.
  • yes
    purple monkey dishwasher

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