Article: Borders Group Announces International Initiatives

ANN ARBOR, Mich., Sept. 29 /PRNewswire/ -- Borders Group, Inc. (NYSE: BGP) announced today that it has signed a definitive agreement to purchase 100% of the outstanding stock of Books, etc., a London-based retailer of books and associated products. Founded in 1981, Books etc. currently operates 22 stores in the United Kingdom. Following completion of the transaction, Books, etc. will be 100% owned by a new Borders Group subsidiary, BGI U.K., and Borders Group. The business will be led by Richard Joseph, currently Chairman and CEO of Books, etc., and the existing Books, etc. management team. Terms of the transaction were not disclosed; however, management indicated ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!