A list of successful bidders on F+W Media community properties goes to bankruptcy court for approval in a hearing. Highest bid: $2.9 million for crafts.
In Germany, Wholesaler and Distributor KNV Grapples With Bankruptcy
KNV’s February 14 bankruptcy filing has left the Germany’s book market ‘shaken’ as the reorganization administration works to stabilize the company.
Russia’s Oldest Publisher of Scientific Literature May Face Bankruptcy
The once-powerful Nauka Publishers, established in the modern era as the Soviets’ multi-city publisher of scientific books and journals, has been advised to produce ‘detective fiction and other trashy publications.’
Bad Decisions, Worse Luck: How Borders Blew It
Firing its community relations coordinators, handing Amazon its web site, “category management”…Why 2001 was the beginning of the end for Borders
Need to Know: End of the Line as Borders Submits for Liquidation
Any hopes of Borders being miraculously saved from liquidation, were squandered as part of the debate on Border’s grim future was finally laid to rest.
Is Borders Guilty as Charged?
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. By Philip Downer 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?
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
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 …