Borders Sold

It appears that Borders Australian operations have been bought by Angus and Robertson (well, at least by the people who run A&R). Those who followed the A&R saga from last year will no doubt be dismayed, despite the assurances of the new bosses:

ARW group managing director Ian Draper said the Borders business was complementary to the company’s existing assets, with no plans to change the format of the existing stores.

“It’s a model which has proven popular in the local market, and targets a different demographic with its premium format and wide range of products,” he said.