Borders Group to sell Australia, New Zealand, Singapore businesses for up to US$104 million
Thursday, books and movies retailer Borders Group, Inc. announced that it would sell 100% of its Australia, New Zealand, Singapore businesses to A&R Whitcoulls, an Australasian retailer of books, for up to US$104 million.
Borders is selling thirty book stores in Australia, New Zealand and Singapore to Book and stationery firm A and R Whitcoulls.