Thursday, February 17, 2011
Borders bankruptcy spreads to US and Australia
Borders bankruptcy ... A stain where the sign used to hang above a branch in Chicago. Photograph: Scott Olson/Getty In a savage 24 hours for bricks-and-mortar bookselling, Australian high-street chains Borders and Angus Robertson entered administration on Thursday, just a day after Borders US filed for bankruptcy protection.The development is no small matter: Angus Robertson is Australia's largest bookseller, with more than 180 bookshops and a history stretching back to 1886,
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