Book giant Borders goes bankrupt

American giant bookseller Borders filed for bankruptcy protection today.

Book giant Borders goes bankrupt
Wed, 16 Feb, 2011 - 18:34

American giant bookseller Borders filed for bankruptcy protection today.

The 40-year-old company, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry, plans to close about 200 of its 642 stores over the next few weeks.

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