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Borders goes into administration

By | Published on Friday 27 November 2009

Books and CD sellers Borders have gone into administration after management there failed to find a buyer for their 45 store chain.

The firm’s current owners only acquired the company a few months back as part of a management buy-out.

Administrators MCR say that it is business as usual at the company’s Borders and books etc stores as they try to find a buyer for the chain as a whole. Though many commentators are not optimistic that such a buyer will be found.