Analysts are busy assessing the potential winners and losers when Borders Group begins the process of going out of business.
The Wall Street Journal is reporting that the private equity firm that tentatively agreed to purchase bankrupt Ann Arbor-based Borders Group is having second thoughts.
Ann Arbor-based bookseller Borders Group, reorganizing under Chapter 11 bankruptcy protection, has agreed to be purchased by Phoenix-based investment firm Najafi Cos.
The Wall Street Journal is reporting that an Arizona private equity firm is among those in discussions to buy Ann Arbor-based bookseller Borders Group.
While Borders Group struggles to emerge from bankruptcy protection, it will be able to pay its top executives large bonuses.
A federal bankruptcy judge grants Borders Group interim approval of temporary financing and approves a plan to close 200 stores.
Ann Arbor-based Borders Group Inc. (NYSE: BGP) said Wednesday that its loss grew to $46.7 million in the second quarter ended July 31 from $45.6 million in the same quarter a year earlier. Sales were […]
Ann Arbor-based Borders Group Inc. Tuesday said that it had cut the price of its Kobo and Aluratek Libre e-book readers to $129.99 and $99.99 respectively. Both represent $20 price cuts.
Ann Arbor-based Borders Inc. plans to launch its new loyalty program Wednesday. The retailer will now offer two levels of loyalty programs — today’s free program with enhancements, or a new $20-a-year “Borders Rewards Plus” […]
Ann Arbor-baed Borders Group Inc. (NYSE:BGP) announced the launch of the Borders branded e-book store, powered by global eReading service Kobo. Borders’ goal is to secure a 17 percent share of the e-book market by […]