NEW YORK: A bankruptcy judge on Thursday approved Borders Group's plan to sell off its assets via a group of liquidators in what could be the final nail in the coffin for the 40-year-old chain.
Judge Martin Glenn of the U.S. Bankruptcy Court of the Southern District of New York approved Borders' plan to appoint liquidators led by Hilco Merchant Resources and Gordon Brothers Group to sell off its assets. Going-out-of-business sales are set to begin at some stores Friday.
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