Borders Group Inc, who has been in severe financial problems with its
bookstores has closed 399 stores so far. Borders, which employ’s
around 10,700 people have been trying to sell the company off but has
not received any offers to save it. They have announced liquidation of
its remaining 399 stores could start as soon as Friday, and the entire
business could be closed as early as September.
for bankruptcy in February, has been trying to persuading publishers
to ship merchandise to it on normal terms, so this would allow the
chain to pay the bills later.
