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April 1, 2024
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Borders
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Claudia
⟶ Atualizado 21 jul 2018 ⟶
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Eventos
1971 Borders bookstore Founded by Tom and Louis Borders in Ann Arbor, Michigan
1992 Kmart buys Borders
1984 Kmart buys Waldenbooks
1995 Kmart renames Borders-Walden Group to Borders Group with IPO launch
1997 Borders Group announce 1,000 store international expansion (currently 203 stores)
1998 Launch of Borders Online
2000 Hires Merill Lynch & Co for review (recapitalisation, buyout or merger)
2001 Deal with Amazon for website feature
2006 Pershing Square takes 11% stake
2008 (March) Borders claim they are up for sale, never find a buyer. Receives $42.5M loan from Pershing Square
2008 (May) Barnes & Noble suggest merger with Borders. Borders launch own website
2009 Borders Group says it expects 50-60 of Waldenbooks stores to survive in long-run (had 564 in 2006)
2010 (March 31) Repays $42.5M loan back to Pershing Square, gets more credit, makes profit on cost cutting, shares jump
2010 (July 7) Launches e-book store 8 months after Barnes & Noble
2010 (December 6) Pershing Square offers to finance a merger with Barnes & Noble
2011 (January 27) Announces conditional refinancing agreement from GE Capital, hints at Ch 11 bankruptcy filing
2011 (January 30) Announces delaying payments to publishers and landlords
2011 (February 5) Hires MMBCA consulting to discuss action for change plan