Borders: all international stores up for sale in ‘strategic plan’

22 March 2007 Books+Publishing

Following the release of annual figures showing a loss of US$151.3 million (A$182 million), Borders has announced a wide-ranging 'strategic plan' to return the chain to profitability.Key to the plan is the announcement that the US-based company will 'significantly reduce investment' in its international division and will 'explore strategic alternatives'...