Borders Group, unable to sell its eponymous bookstore chain, is seeking court approval to liquidate its 399 stores, a process that could begin as soon as this weekend.
The company filed for bankruptcy protection back in February, but has been stymied in its efforts to find a white knight that would keep the company alive.
The company filed for bankruptcy protection back in February, but has been stymied in its efforts to find a white knight that would keep the company alive.
- KC's View:
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Last one out, don’t forget to turn off the lights.
I sure hope this thing has not been engineered that the guys at the top are getting severance payments ... because these are the guys who mismanaged the company into the ground through their inability to see how consumer buying habits were changing and adjust to it.
