Deathwatch: Borders book chain close to collapse
Borders chain of bookshops could be on the brink of collapse if they don’t find a buyer soon, with speculation suggesting that administration is looming and that the company may not have enough money to survive until Christmas.
BBC News are reporting that WH Smith walked away from a prospective buy-out deal at the end of last week and that Waterstones owner HMV are also sniffing around the Borders chutney, with a view to buying all the jars. Some metaphor that eh reader(s)?
Borders flagship store in London’s Oxford Street closed earlier in the year following a massive ‘everything must go’ sale which left the place looking a bring and buy sale in a typhoon by the time it was over. Shame.