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.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Political and economic uncertainty behind the fall in confidence
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team