It's looking like more bad news for the bankrupt Borders Group. The chain, which already closed about 200 stores is having trouble attracting a bidder for its remaining 400 locations.
Reports last week seemed to indicate that a deal was close. The Wall Street Journal reported that an indisclosed buyer was interested in grabbing about 225 of Borders' stores. Some assumed the bidder was Amazon.com. There was also talk of competitor Barnes & Noble having interest in buying 10 stores and Borders online business.
But now it looks like no one is stepping up to make a purchase.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
