Financial Times FT.com

Borders UK on brink of collapse

By Esther Bintliff

Published: November 25 2009 02:00 | Last updated: November 25 2009 02:00

Borders UKwill fall into administration unless a last-minute buyer emerges to rescue the bookseller.

Borders appointed Clearwater Corporate Finance to advise on a potential sale, but there has been limited interest in the store portfolio. One person close to the company said management was likely to appoint administrators before the end of the week.

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