24 Aug '11, 1am

Ailing Borders bookstore to raise money at 2 sales: BORDERS bookstore will deploy its 70

Ailing Borders bookstore to raise money at 2 sales: BORDERS bookstore will deploy its 70

Mr Tim Reid, the judicial manager, thanking staff for helping to move stock from the Wheelock store. Most of the outlet's stock has been transferred to its Parkway Parade store, which remains open. -- ST PHOTO: DESMOND LIM By Jamie Ee Wen Wei Borders bookstore will deploy its 70 full-time and part-time employees from its Wheelock Place outlet to its major book sales - one starting on Wednesday at its Parkway Parade store and another still being arranged. The proceeds from the two sales and the debt level of the company will largely determine whether it can honour the 400 to 500 gift cards now held by some 300 people. The company went under judicial management last Thursday, following the sudden closure of its flagship store at Wheelock Place on Aug 16. That day, the company put the closure down to a dispute with its landlord, Wheelock Properties. Please enable JavaScript t...

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

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