June 2, 2000 |
Buyout firms Bain Capital Inc., Apollo Management and Blackstone Group are considering making separate bids for Borders Group Inc., the No. 2 U.S. book chain, people familiar with the planned sale said. A buyout would value the retailer at about $2 billion, given its market capitalization of $1.13 billion, a premium of as much as 30%, and assumed debt of $425 million, a source said. Borders hired Merrill Lynch & Co. in March for advice on how to boost its stock, which has fallen 70% since 1998.
August 5, 1999 |
Borders Books, Music and Cafe said Wednesday that it will open a store at South Coast Plaza next to where Crate & Barrel is installing a new home furnishing store. The bookstore, which will open this fall, should give a boost to the shopping plaza formerly known as Crystal Court, which is overhauling its tenant mix and linking itself more closely to its sister center across Bear Street.
May 18, 1999 |
A price war among the three biggest online booksellers broke out Monday when Amazon.com announced 50% off all New York Times best-sellers, and Barnesandnoble.com and Borders.com immediately matched the discount. The deep discounts will mean the companies will make little or no profit on the books, but the offer could stimulate sales of other more lucrative products as customers browse through the Web sites.
March 12, 1999 |
Finding a good bookstore in many Southeast Asian countries is about as likely as stumbling across a patch of snow in the streets of Bangkok. After you've run through the Ho Chi Minh titles in Vietnam, you're pretty much out of luck. In Laos, you're out of luck, period. In Indonesia, books are wrapped in plastic, eliminating the joy of perusing in search of the perfect read.
July 27, 1998 |
Microsoft--it's just not a corporate brand, it's a way of life. After all, the company's logos already are splayed across your computer, automobile and television set. Now, Bill Gates wants to get into your coffee mug. Borders bookstores are selling 12-ounce packages of Windows 98 coffee beans.
April 28, 1998 |
At first glance, the bustling Third Street Promenade in Santa Monica looks like a commercial playground, full of pedestrians, popular stores and jingling cash registers. But it's also become a battleground in the increasingly nasty dispute between America's independent booksellers and the nation's two largest book chains, Barnes & Noble and Borders. Last month, the American Booksellers Assn.