Borders to Sell Paperchase no comments
Posted at 8:51 am in eBook Stores,Random
Borders announced today that it has entered into an agreement to sell Paperchase Products Ltd. to leading UK-based private equity firm Primary Capital Ltd. Paperchase is a stationary retailer based in the UK. Borders stores in the US will continue to carry Paperchase products.
Borders will receive approximately $32 million, of which it is obligated to use $25 million to pay down its debt. There is still a very long tough way to go before Borders can climb out of its hole.
