Borders Group seeks to liquidate assets at 51 stores
Borders Group Inc., the bankrupt bookstore chain, seeks court permission to liquidate assets at another 51 stores, even as it negotiates with landlords and lenders to avoid doing so.
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.