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Borders could be gone by next week

By | Published on Thursday 17 December 2009

Oh, I better go do my traditional “try to buy everyone’s Christmas presents in one trip to Borders” escapade sooner rather than later – there might be less choice than usual, but hopefully there’ll be some bargains.

Administrators overseeing the collapse of the UK version of the books and CDs company say that the Borders chain is likely to close next Tuesday unless a serious buyer emerges. Administrators MCR say they are in ongoing negotiations with people interested in acquiring certain stores or assets from the chain, but it seems no one has come forward to takeover the company as a going concern. Unless that happens, most of the firm’s 1150 employees will be out of work as of Christmas Day.

Merry Christmas, everybody.