Tag Archive | "bankrupt"

Borders is dead

Borders is dead

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Four reasons why the mammoth book store went under.

Borders has confirmed that it is closing the remaining 399 stores and laying off more than 10,000 workers in the US by September, following news of its imminent bankruptcy that has been reported for at least one month now.

Locally, not as if there is smoke without a fire.

The Singapore flagship store at Wheelock Place has been closed for three days. Word on the street has it that the bookstore chain is two months behind on rental.

The latest turn of events sees the bookstore’s landlord, Wheelock Properties, taking over the retail space at Wheelock Place as the Borders’ flagship store is closing down. Read the full story