An interesting story has appeared over the weekend, reported in the business section of the Times UK, about secret plans by Amazon to launch brick and mortar retail outlets. Amazon have been extraordinarily quick to refute them through a Reuters report. “A spokesman for the group said it had no plans to open physical stores…
Borders UK Stores To Close By Christmas
The 45 Borders stores in the UK will enter a final phase of closure in the four weeks of retail business leading up to Christmas. This is the final blow for their 1150 staff who have, until late last week, held some forlorn hope of the stores being taken over at local and regional levels.…
Borders UK Formally Enters Financial Administration
Borders UK formally entered financial administration this afternoon with the appointment of MCR who will carry out a period of assessment before reporting to creditors. However, the 45 Border stores in the UK will continue to trade and its 1150 staff will be paid their wages. Some news networks jumped the gun a little early…
Borders UK – Days From Administration
It is distinctly likely that the coming days will see Borders UK officially enter administration despite interest from both HMV and WH Smith to purchase part or all of the retail chain of 45 stores. However, it is understood both have now withdrawn their interest. Even a late bid in the last few days by the…
Borders UK On the Brink of Collapse
According to reports in this weekend’s business section of the Times UK, Borders UK retail chain is on the brink of collapse following WH Smith withdrawing from rescue discussions with the book retailer. It is expected talks will continue this week with other perspective groups, but one of the main points of contention is that Borders is…
Borders UK Launch Second-hand Book Sales
Borders UK have linked up in a partnership with Alibris Books to sell second-hand books through its online store. The new service is targeted at ‘cash-strapped’ customers and will provide access to hard-to-get, out-of-print and out-of-stock books. Borders UK are planning to offer up to nine million titles in an effort to provide their customers…
Authors’ Chance Ltd: Son or Father of Diggory Press?
While the next hearing in the Diggory Press court case in the UK is not set to go ahead until November of this year, there has been a very significant development on the publishing side of matters for Diggory Press, Exposure Publishing, their self-publishing wing, and all their contracted authors. A quick browse through the…
Management Buyout Secures Borders UK Future
The not surprising news has broken late this afternoon that Borders UK has been sold in its entirety to a management led investment group headed by current Border’s Chief Executive, Philip Downer and Financial Director, Mark Little. The management group will be funded by Valco Capital Partners and should go a long way to securing…
Borders UK Moving Closer To Complete Sale?
James Thompson is reporting in this morning’s Independent that struggling UK book retail chain Borders is in discussions with equity firm, Hilco, with the target being the aquisition of all 46 UK stores. Valco Capital, part of Hilco, intent maintaining the book retailer as a going concern. The aquisition would include Books Etc and Borders…
Borders Closing Five Stores: Oxford St And Blanchardstown Included
Borders are closing five of its stores in the UK and Ireland. The stores closing include its flagship store on London’s Oxford Street and also its Irish store in Blanchardstown, Dublin. The other three stores closing are Colney, in London, Swindon and Llantrisant in Wales. Borders confirmed late on Monday, 13th July that all five…