Borders gone before Christmas

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.

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