21 Aug '11, 12am

Borders stops accepting payments made by gift card

Borders stops accepting payments made by gift card

At the closed Wheelock Place outlet yesterday, roses were left inside the store in an apparent farewell gesture. -- ST PHOTO: NURIA LING By Joanna Seow & Ng Kai Ling One day after Borders announced the closure of its flagship store, customers of the bookstore chain were dealt more bad news. Those who flocked to the remaining outlet at Parkway Parade on Saturday were told that they can no longer use their gift cards to make purchases. A sign put up at the store's entrance informed patrons that the store will no longer process payments made via the stored-value cards, as the value of the gift cards represents a claim against 'Borders Pte Ltd (interim judicial manager appointed) - which will have to be dealt with as part of the judicial management process'. Mr Tim Reid of recovery firm Ferrier Hodgson has been appointed interim judicial manager. His role is to draft proposals...

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

Tweets

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