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US bookshop Borders Group has filed for bankruptcy protection in the face of declining sales and a rapidly changing book market.

Wed, 02/16/2011 - 2:13pm — admin
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According to documents filed with the bankruptcy court in New York, Borders had $1.28bn (799m) in assets and $1.29bn in debts as of December 2010. Borders will close 200 of its 642 stores in the next few weeks. It created a dominant position as a "big ...

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