BusinessBusiness RecoveryBorders talks to rivals as collapse looms

Borders talks to rivals as collapse looms

HMV may be among a range of companies in talks with the giant book seller

High street book seller Borders is in talks to save the fledgling retailer
which may be on the verge of collapse,
The
Daily Telegraph reports
.

The book and music store giant is said to be in talks with rival companies
including music retailer HMV, to avoid collapse.

Borders’ pre-tax losses increased from £10.3m to £13.6m last year, leading
auditor Ernst & Young to raised doubts about its ability to continue as a
going concern.

Fears exist that the company may not have enough cash to carry it through the
Christmas period.

Read the full story:
Borders
in talks over future as administration looms

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