Friday, February 11, 2011

Borders Bankruptcy Imminent

"Borders Group Inc. is in the final stages of preparing a bankruptcy filing after failing to persuade publishers and others to go along with a plan to refinance the troubled bookstore chain's debt ... Borders Group Inc. may file for Chapter 11 bankruptcy as early as Monday or Tuesday"

"Entertainment retailer Borders said it fully intended to stay in business, despite widespread reports that it may be preparing a Chapter 11 bankruptcy filing."
[RetailWeek, Feb 11]

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