Borders Secures Needed Financing and Considers a Sale
March 20th, 2008
Facing a near-term liquidity challenge, the nation’s second-largest bookseller considers selling all or part of its operations and, meanwhile, has secured up to $42.5 million in financing to help the chain continue operations. Borders has lost market shares both to online retailers and Wal-Mart in recent years. The New York Times (Mar. 20, 2008)
Tags: BGI, Borders, Borders Group