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NEW YORK (AP) - Borders was slow to get the message as the big-box retailer lost book, music and video sales to the Internet and other competition. The result: It filed for bankruptcy protection Wednesday, and will close nearly a third of its stores.
BERJAYA Group Bhd is expanding into book retailing after having signed a memorandum of understanding (MoU) with Borders Inc - a subsidiary of global book, music and movie retailer Borders Group Inc - to establish a franchise arrangement to operate Borders stores throughout Malaysia.
PETALING JAYA: Borders Malaysia#8217;s operations will not be affected by US-based Borders Group Inc#8217;s filing for bankruptcy.
MICHIGAN: Borders Group Inc said late on Thursday it agreed to sell itself to private investment firm Najafi for US$215mil and is seeking court approval for the agreement.