Book Retail articles


Texas AG Turns Magnifying Glass on eBook Market

Texas AG Turns Magnifying Glass on eBook Market

The attorney general for the state of Texas has approached two of the main publishing players who introduced the agency model for e-books and requested undisclosed documentation. At the moment, the Texas attorney general is believed to be making preliminary inquiries about pricing practices operating in the electronic book market and the potential effects for


Borders Group Lifted By $25m Investment

Vector Group Ltd will invest $25 million in Borders Group US through a private purchase of 11.1 million shares of stock. The move is intended to develop and improve the Borders brand, which has experience a difficult period of trading over the past eighteen months. From today’s press release: “ANN ARBOR, Mich., May 21, 2010 /PRNewswire via


Irish Retailers and Publishers Ready for e-Book Challenges

The Irish Independent takes a look at the Irish book retail market and the growth of e-books in their e-Thursday section. Carissa Casey has written the article and she discovers that Irish retailers and publishers are poised to embrace the latest challenging chapter in the story of the publishing industry. “Advances in technology have also brought an entirely new threat to


Confirmed: GE Capital Secure Term Loan For Borders Group US Survival

Just released on the newswires: ANN ARBOR, Mich., March 31, 2010 /PRNewswire via COMTEX/ — Borders Group, Inc. today announced that it has entered into an amended and restated revolving credit agreement. The new, $700 million senior secured asset-based credit facility matures in March 2014 and replaces the company’s existing revolving credit agreement, which would


Borders US Set To Make Fools’ Day Deadline

Borders Group US are facing D-day on April 1st. A substantial loan of $42.5m secured two years ago from Pershing Square Capital for the refurbishment of retail stores and an IT upgrade is due to be repaid on Thursday, this week. A number of reliable financial sources, including Bloomberg US, are reporting late Tuesday evening that a


Eason Secure Deal For Hughes & Hughes Airport Shops

The future of Hughes & Hughes seven airport bookshops and 120 staff has been secured following a deal struck late Wednesday evening between a Eason, the leading Irish bookshop chain, and the Dublin Airports Authority. This follows on from Hughes & Hughes going into receivership late last week. Hughes & Hughes seven airport shops in


Hughes & Hughes Book Chain Enter Receivership

For any international traveller passing through Dublin, Cork or London City airports, wishing to pick up a book for their journey or holiday abroad—they would be very familiar with Hughes & Hughes bookshops. Hughes & Hughes, in many ways, represented Irish independent book retailing to international consumers and readers. Today, the company entered receivership with