Tag Archives: Mike Edwards
Borders Liquidating All Remaining Stores [Note From President]
Borders Group, Inc. (PINK:BGPIQ) is shutting down their remaining 399 stores. All 11,000 remaining employees across the company will be laid off. The bid deadlines for the company passed.
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Borders Files For Chapter 11 Protection, Shutting Down 30% Of Nationwide Stores
Borders Group Inc. (NYSE:BPG) has filed for Chapter 11 protection today. The Ann Arbor, Michigan based company is shutting down 30% of their stores nationwide. Borders is seeking protection from creditors as they filed for bankruptcy at the U.S. Bankruptcy Court in Manhattan.
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Categories Borders Group Inc., Mike Edwards
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Borders Raises $25 Million
Borders Group Inc. (NYSE:BGP) has raised $25 million from Bennett S. LeBow. The investment was made through the private purchase of 11.1 million shares of Borders’ common stock at a purchase price of $2.25 per share. Mr. Lebow has joined Borders Board of Directs as the Chairman of the company. LeBow is also Chairman of Vector Group Ltd.
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Categories Bennett S. LeBow, Borders Group Inc., Mike Edwards
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Borders Introduces The Kobo eReader With A New eBook Store
Ann Arbor, Michigan based Borders Group Inc. (NYSE:BGP) has introduced a new device called the Borders Kobo eReader. The eReader is $149 and they plan to launch other multiple reader devices soon. The company is also creating an e-book store to complement the device. The Kobo should be available on June 17 and is available for pre-order now. Border’s ebook store will have a “million titles” with applications on the iPhone, Android, iPad, and BlackBerry. Below is the full press release.
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