And now…

Following on from today’s earlier post about Borders in the US, the (not unexpected) followup is Borders and A&R in Australia following suit. From the Sydney Morning Herald:

Australian book chains Borders, Angus & Robertson and the Whitcoulls chain of newsagencies in New Zealand have been placed into voluntary administration by its private equity owners only a day after the Borders company in the US also collapsed.

The local companies have a combined staff of about 2500.

The failure of Borders in Australia is not linked to the woes facing its namesake in America – they are owned by different corporations – but both have suffered from the rise of internet book sales and constrained consumer spending.

 

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