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Accountancy Age – Content Calendar

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    Borders gone before Christmas

    Borders gone before Christmas

    Joint administrators from MCR announce it was not possible to sell all or parts of the business as a going concern

    Author Date published December 21, 2009 Categories

    MCR, the Borders administrators, announced they have no choice but to close
    all the book retailer’s stores before Christmas.

    Administrators Philip Duffy, Geoff Bouchier and David Whitehouse stated that
    it was unable to arrange a sale of “any part of the business” as a going
    concern.

    They also announced all stores will formally cease trading on 22 December.

    The joint administrators are hopeful they will still be able to sell the
    assets of the business.

    Borders entered administrators in November this year.

    Further reading:

    Borders
    staff could lose jobs on Christmas Eve

    Scotland’s
    biggest airline calls in PwC administrators

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