MCR, the Borders administrators, announced they have no choice but to close
all the book retailer’s stores before Christmas.
Administrators Philip Duffy, Geoff Bouchier and David Whitehouse stated that
it was unable to arrange a sale of “any part of the business” as a going
They also announced all stores will formally cease trading on 22 December.
The joint administrators are hopeful they will still be able to sell the
assets of the business.
Borders entered administrators in November this year.
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
UK private investor Endless LLP acquires the high street retailer, saving 840 jobs
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'