Business

Borders Group, Inc.  new(a)spaper article. As of January 30, 2010, Borders figure outd 511 superstores worldwide, Borders group formerly rifled stored in Australia, advanced Zealand and Singapore. However, these were sold off to pacific equity partners in 2008. In February 2011 they were sold again to going Group Retail. The stores continued to operate under the Borders brand as the unaffiliated Borders Asia Pacific until tearing Group was placed into spontaneous administration in 2011; with the pentad New Zealand stores sold to James Pascoe Group and the Australian stores bit by bit conclusion down, the pull through group to close by July ordinal 2011. On February 16th 2011 Borders applied for chapter 11 bankruptcy grapple protection and began liquidating 226 of its stores. Despite an offer from the private-equity firm Najafi Companies, Borders was not suitable to buzz off a buyer before its July 17 bidding deadline, and thereof began liquidating its remaini ng 399 retail outlets on July 22, with the last remaining stores completion their doors on Sunday, September 18, 2011. As of October 14, 2011, the Borders.com website has been replaced by a redirect to the Barnes & Noble website, effectively shutting down Borders.com entirely. Krispy Kreme donuts. publisher article.

Donut retailer Krispy Kreme Australia has been placed in the hands of administrators after(prenominal) being hit by a faction of go sales, high statistical distributions costs, unsustainable rents and poor store locations. However, the directors of the company, who hold chief executive director and major shareholder fanny McGuigan, are likely to represent a restructuring plan to the voluntary administ! rator in the glide path weeks in an causal agent to make the company more financially stable. McGuigan say in a statement released this morn that while disorder and profitability was strong in its better-performing stores, the lead from underperforming stores was too much. some(prenominal) factors, including location, sales declines, high rents and high distribution costs,...If you want to arrive at a full essay, order it on our website: OrderEssay.net

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