Negotiations To Buy 30 Borders Stores In The Works
ANN ARBOR (WWJ) - Not all Borders stores may close. Some may survive under a new corporate banner.
Alabama-based Books-A-Million is still in negotiations to buy 30 Borders stores, none in Michigan. If something can be worked out, the stores would stay open as Books-A-Million outlets.
Borders is now in liquidation, with its 399 stores, including 13 in Metro Detroit, having going-out-of-business sales.
The 40 year-old Ann Arbor-based bookseller was unable to reorganize in federal bankruptcy court.
