Borders Liquidation Now Just Days Away

07/19/11 Borders Group has conceded in its attempt to find a buyer for most of its remaining bookstores and has asked the U.S. Bankruptcy Court to cancel an auction of the company that had been scheduled for this week. Borders is currently operating 399 stores and employs approximately 10,700 employees. However, in its submission to cancel an upcoming auction, Borders said it had received an offer for 30 ...

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Borders Closing Hundreds Of Stores

07/19/11 After a failed attempt to find buyers to stay as a going concern, bankrupt US bookstore operator Borders Group Inc. said late Monday it will sell its store assets to liquidation firms Hilco and Gordon Brothers and submit the plan for bankruptcy court approval.

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Borders' liquidation to affect all 5 W.Va. stores

07/19/11 CHARLESTON, W.Va. - Borders Group Inc.s failure to attract a buyer means there soon will be liquidation sales, then closures and job losses at all five of the companys West Virginia stores.The nations second-largest U.S. bookstore chain operates:* Bord...

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