PracticeAccounting FirmsBorders gone before Christmas

Borders gone before Christmas

Joint administrators from MCR announce it was not possible to sell all or parts of the business as a going concern

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
concern.

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.

Further reading:

Borders
staff could lose jobs on Christmas Eve

Scotland’s
biggest airline calls in PwC administrators

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