Is Borders Guilty as Charged?

In English Language by Guest Contributor

By Philip Downer In this exclusive essay for Publishing Perspectives, Philip Downer, the former CEO of Borders UK, discusses whether Borders’ management really is to blame for the company’s bankruptcy. The dust is quickly settling on the story of Borders bookstores bankruptcy in the United States, and, for the commentariat, Borders is now a business that was always bound to …

Who Gets Hurt Most By Borders’ Bankruptcy?

In Discussion by Edward Nawotka

Thousands of out-of-work booksellers, indebted publishers, smaller mid-list print-runs, fewer book reviews . . . the long-term repercussions of Borders’ bankruptcy are unpleasant to contemplate. By Edward Nawotka In today’s story, Philip Downer, former CEO of Borders UK examines why Borders went bankrupt. As someone who grew up outside Ann Arbor, Michigan, I was always a little proud to point …

Borders Bookstores Bankruptcy News Roundup

In Global Trade Talk by Hannah Johnson

By Hannah Johnson The Borders Group filed for Chapter 11 bankruptcy on Wednesday and will receive $505 million in Debtor-in Possession (DIP) financing. According to the press release, Borders will continue “serve customers in the normal course” but will close approximately 30% of its retail locations under its Store Reduction Program. Publishers Weekly reports that Borders owes millions of dollars …