Borders Book Stores Filing for Chapter 11 Bankruptcy
In the email, Edwards goes on to state that Borders' struggles were brought on by the difficult US economy coupled with the rapidly changing book-selling environment and that Borders must restructure and reposition its business for long-term success.
During this restructuring process, Borders Book Stores will remain open and all rewards and gift cards will be honored.
Borders Book Stores has been on the ropes for a while now, and has been seen as a business ready to fall. As drastic as it sounds, filing for Chapter 11 Bankruptcy usually results in reorganization of the debt or assets, but it can also be used for liquidation of the assets.
The email suggests that even though ma' and pa' are getting a divorce, nothing will change.
Published by Jason Cooley
I can't write this in the third person... I just can't. To do so would make me feel like a douche big enough to accommodate Madonna. My articles are a change of pace from what you can expect anywhere else. M... View profile
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1 Comments
Post a Commentwhen i heard this it was sad