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NEWS: Private Equity Firm Gores Group Bids on Borders Stores




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sokpupet



Joined: 22 May 2004
Posts: 133
PostPosted: Sun Jun 05, 2011 12:58 am Reply with quote
Before I actually clicked on the article I thought it was going to be about a private equity firm killing group bids on Borders. Like "Back off!" and "None for you, fatty!" kindsa deals.
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marcos torres toledo



Joined: 01 Sep 2009
Posts: 269
PostPosted: Sun Jun 05, 2011 6:00 pm Reply with quote
So Borders is still on the auction block I hope that book chain gets through this crisis and makes a come back it's needed here in Puerto Rico fingers cross. Sad
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P€|\||§_|\/|ast@



Joined: 14 Feb 2006
Posts: 3498
Location: IN your nightmares
PostPosted: Sun Jun 05, 2011 7:54 pm Reply with quote
So with "more than half" does that mean Gores Group could acquire ownership of the Borders name as well? There's several outcomes to this purchase in that Borders could still exist in those properties acquired (just under new ownership) or they could re-brand into a new bookstore chain. Or the locations could be used for an entirely different retail line like clothes, food, general merchandise or whatever. What specialty the company is planning to use for the old Borders is anyones guess.
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Sunday Silence



Joined: 22 Jun 2010
Posts: 2047
PostPosted: Mon Jun 06, 2011 12:25 am Reply with quote
Past wrote:
So with "more than half" does that mean Gores Group could acquire ownership of the Borders name as well? There's several outcomes to this purchase in that Borders could still exist in those properties acquired (just under new ownership) or they could re-brand into a new bookstore chain. Or the locations could be used for an entirely different retail line like clothes, food, general merchandise or whatever. What specialty the company is planning to use for the old Borders is anyones guess.


Well, if you look at Gores' portfolio, the closest thing they have in relation to Borders.....is a DVD distribution company.
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