Quote:
Originally Posted by milt
To the OP: where have you been? Borders declared bankruptcy early this year. In LB, the 2 stores are gone, gone.
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The OP is more up to date than you, Milt.
While Borders Group filed for BK in February, the intent of the BK judge was to find a buyer (mostly private equity) to operate the company as an ongoing concern for their remaining 400 or so stores. Unchanged payment terms from publishers and lease terms from retail landlords have made that seemingly unlikely.
Final date for bids was today, and the only bidders left are liquidators. Auction is on Tuesday, and if the bone pickers win, as it appears they will, all the remaining stores will be closed in short order.
Tim