LJNDawson.com, Consulting to the Book Publishing Industry
Book Publishing Industry Consultant

Borders Changes

Luke Johnson, the new Borders UK owner, is full of new plans - in addition to taking the online business back from Amazon, he's planning on closing a few stores in the UK - as quoted in a number of sources (Publishers Lunch, Book Standard, etc.): "We will probably shut a few of the shops that are not contributing, but we're talking about a handful."

Johnson's Risk Capital Partners purchased Borders UK for about 10 million pounds cash plus another 10 million if performance improves. Which is, all things considered, pretty cheap. At least the Oxford Circus store is staying open, which is what we care about most.

 

Bookmark this post: Add this post to del.icio.us Digg it! Add this post to Furl StumbleUpon it! Add this post to Technorati Add this post to Google Bookmarks Add this post to Windows Live Add this post to Netscape Add this post to BlinkList Add this post to Newsvine Add this post to ma.gnolia Add this post to Tailrank
FRONT PAGE
Site design: thesuperheavy.com   Site engineering: Hamidof.com   Powered by: PHPBlogManager.com