Borders UK Moving Closer To Complete Sale?

James Thompson is reporting in this morning’s Independent that struggling UK book retail chain Borders is in discussions with equity firm, Hilco, with the target being the aquisition of all 46 UK stores. Valco Capital, part of Hilco, intent maintaining the book retailer as a going concern. The aquisition would include Books Etc and Borders Express stores.

We reported yesterday on Border’s decision to sell the leases of five stores including their flagship Oxford St store to a fashion retailer New Look.

This is unlikely to be the last word in the speculation about the sale of Borders UK and their are believed to be at least two other companies behind the scenes also in dicussion with the retailer.

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