Content about Borders

July 26, 2011

Books-A-Million said late Monday that it was unable to put a deal together to acquire the leases and assets of 30 Borders bookstores out of bankruptcy.

Birmingham, Ala. -- Books-A-Million said late Monday that it was unable to put a deal together to acquire the leases and assets of 30 Borders bookstores out of bankruptcy.

"The company’s efforts to secure the inventory, fixtures, equipment and leasehold interests for 30 Borders stores has ended unsuccessfully because the parties could not agree on terms and the going out of business sales at these locations commenced," Clyde B. Anderson, Books-A-Million CEO, said.

July 22, 2011

Books-A-Million confirmed it has submitted a bid to purchase, among other things, the inventory, fixtures, equipment, and leasehold interests for 30 Borders locations.

Birmingham, Ala. -- Books-A-Million confirmed it has submitted a bid to purchase, among other things, the inventory, fixtures, equipment, and leasehold interests for 30 Borders locations. Under the proposed bid, Books-A-Million will assume the leases for these locations and continue to operate these stores. The move comes as Borders Group, after winning court approval, begins to liquidate its business.

July 21, 2011

Borders Group on Thursday won court approval to liquidate its remaining 399 stores, even as it negotiates to sell up to 35 stores to Books-a-Million.

Ann Arbor, Mich. -- Borders Group on Thursday won court approval to liquidate its remaining 399 stores, even as it negotiates to sell up to 35 stores to Books-a-Million.

"This is a bittersweet day," said U.S. Bankruptcy Judge Martin Glenn before a packed courtroom. "There are a lot of sad people around the country, a lot of sad people in the corporate headquarters. But there has been a late-breaking development."

July 14, 2011

Najafi Cos., the private equity firm that tentatively agreed to purchase bankrupt Borders Group, is is reportedly no longer interested in Borders unless its conditions are met, The Wall Street Journal reported.

New York — Najafi Cos., the private equity firm that tentatively agreed to purchase bankrupt Borders Group, is is reportedly no longer interested in Borders unless its conditions are met, The Wall Street Journal reported.

Najafi, which owns the Book of the Month Club, said in a statement that financial advisors “have elected another option which is in contrast to what he had envisioned for the future of Borders.”

July 1, 2011

Borders Group announced Thursday that it has agreed to sell itself to Najafi Cos. for $215 million.

Ann Arbor, Mich. -- Borders Group announced Thursday that it has agreed to sell itself to Najafi Cos. for $215 million. The deal is subject to court approval.

Najafi Cos. is a Phoenix-based private investment company, which owns the Book-of-the-Month Club.

The "stalking horse" bid will open an auction for the company and its assets, so a higher bid is possible, according to reports.

April 19, 2011

I’m not much of a follower of astrology and the signs of the zodiac, but I do know that 2011 is the Year of the Rabbit on the Chinese calendar.

It seems somehow fortuitous that speed and agility define a year that is all about economic recovery. And retail is moving forward at a rate that, while not exactly hare-like, is at least faster than the proverbial tortoise.

January 4, 2011

On the heels of Monday’s announcement that Borders Group is delaying payments to some of its vendors, the bookseller said Tuesday that two senior-level executives have departed.

New York City -- On the heels of Monday’s announcement that Borders Group is delaying payments to some of its vendors, the bookseller said Tuesday that two senior-level executives have departed.

Thomas Carney, general counsel, and D. Scott Laverty, chief information officer, both resigned from their posts Monday evening.

The news was disclosed in a Securities and Exchange Commission filing Monday. Borders told the Wall Street Journal that the departures were part of its previously disclosed efforts to improve liquidity.

November 15, 2010

Borders announced an all new Borders.com featuring discounts on the 100,000 bestselling titles, multiple free shipping options, new product lines, strategic partnerships that complement the Borders brand and a more integrated social media experience.

Ann Arbor , Mich. -- Borders announced an all new Borders.com featuring discounts on the 100,000 bestselling titles, multiple free shipping options, new product lines, strategic partnerships that complement the Borders brand and a more integrated social media experience.

To celebrate the new Borders.com, the company said it is offering free shipping on all orders placed on Borders.com, Nov. 15.

November 15, 2010

Borders announced an all new Borders.com featuring discounts on the 100,000 bestselling titles, multiple free shipping options, new product lines, strategic partnerships that complement the Borders brand and a more integrated social media experience.

Ann Arbor , Mich. -- Borders announced an all new Borders.com featuring discounts on the 100,000 bestselling titles, multiple free shipping options, new product lines, strategic partnerships that complement the Borders brand and a more integrated social media experience.

To celebrate the new Borders.com, the company said it is offering free shipping on all orders placed on Borders.com, Nov. 15.

August 31, 2010

Borders Group reported Wednesday that its loss widened to $46.7 million in the second quarter,...

July 20, 2010

Borders Group said late Tuesday it has completed the sale of its Paperchase Products Ltd....

July 12, 2010

Borders Group Inc. said Tuesday it will sell its Paperchase Products Ltd. stationery subsidiary to...

June 17, 2010

Borders Group CFO Mark Bierley is taking on the additional role of COO....

June 10, 2010

Borders Group has cut an undisclosed number of jobs at its British stationery and gift...

January 26, 2010

Borders announced on Tuesday that CEO Ron Marshall is stepping down after about a year...

January 4, 2009

Borders Group announced Monday that chief executive George Jones will leave the company as part...

November 25, 2008

Borders Group Inc. on Tuesday reported a widening loss for the third quarter and said...

July 31, 2008

After a seven-year leave of absence from its e-commerce venture, ...

June 4, 2008

Borders Group Inc. said it will sell its businesses in Australia, New Zealand and Singapore...

May 27, 2008

Borders Group Inc. said its losses narrowed in the first quarter although its same-store sales...

May 21, 2008

Borders Group Inc. has not had substantial discussions regarding a possible sale of the bookseller...

May 20, 2008

Barnes & Noble is looking into a possible bid for competitor Borders Group, according to...

April 23, 2008

Borders Group announced it will open a stand-alone Paperchase shop on May 2 in Glendale,...

March 19, 2008

Borders Group on Thursday suspended its quarterly dividend and said it was reviewing strategic options,...

January 30, 2008

London David Roche, the CEO of Borders U.K., has stepped down. The reason for his...