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Borders UK placed into administration

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11-26-2009, 09:54 AM

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Borders UK placed into administration

Bookshop chain Borders UK has been placed into administration, according to Reuters. The move is not unexpected after it was reported earlier this week that the 45-store book retailer does not have sufficient cash to see it through to Christmas as it has suffered amid increased competition from supermarkets and online retailers, such as Amazon. The [...]

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