Borders: another business destroyed by private equity?
I see it’s been reported that Borders the book sellers has stopped taking orders for new books on its website while the retailer "is in discussion with potential buyers" with some publishers also reported to have severed links with the retailer.
Apparently Borders doesn’t have enough cash to last until Christmas and could go into administration if no buyer is found.
The group may have suffered from increased competition from online retailers but no doubt the heavy debt load imposed by private equity owners surely hasn’t helped its cause.
The Borders chain was sold in June 2007 to Risk Capital Partners who in turn sold it on to the private equity firm Valco earlier this…
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