ARW looks forward to a strong Christmas, despite loss
While Angus & Robertson Whicoulls (ARW) has posted a $5.6-million full-year loss, managing director of the group Dave Fenlon told WBN the final figures represented ‘a good result'. The full-year...
Borders to open in Geelong
Borders will open a new store in Geelong on Victoria's surf coast tomorrow. The store, which will feature more than 100,000 titles, according to a Borders statement, will be managed by...
Mackenzie, Boyes to leave ARW
Joan Mackenzie, group book specialist, and Justin Boyes, group marketing manager, are stepping down from their roles at A&R Whitcoulls. WBN understands that this is due to the bookselling chain's...
Draper steps down as group managing director at ARW
Ian Draper has decided to step down from the position of ARW (Angus & Robertson Whitcoulls) group managing director, following the recent purchase by ARW of Borders Australia, New Zealand...
Campradt stands down as Borders MD
John Campradt has resigned as managing director of Borders Australia, New Zealand and Singapore. Campradt, who was appointed to the position in 2002 and has seen the Australasian operations increase...
Angus & Robertson Pitt Street closes
Angus and Robertson (A&R) in Pitt Street Mall, Sydney, closed on Sunday due to major redevelopment of several properties in the mall being undertaken by the Westfield group. National operations...
Borders purchase: ARW to complete ‘full strategic review’ before any integration
Angus & Robertson Whitcoulls (ARW), which announced on Friday that it will acquire 100% of Borders' Australia/New Zealand/Singapore operations, will need to ‘complete a full strategic review of the Borders...
ARW buys Borders after all!
Less than three months after saying it was 'unlikely' such a deal would go ahead ARW has announced it will acquire 100% of Borders Australia/New Zealand/Singapore businesses--which includes 30 Borders...
ARW buys Borders after all!
As reported in a WBN special bulletin ARW has announced it will acquire 100% of Borders' Australian, New Zealand and Singapore assets. For more information, read the bulletin here.
Borders annual results
Borders' annual report reveals that the international book chain's working capital is down to US$38 million, compared to US$127 million a year ago and US$556 million in 2004. The company is...
Borders completes refinancing; Pershing’s bid for international stores raised
Borders Group has announced that it has finalised its new financing agreement with Pershing Square Capital Management, its largest shareholder, under 'terms more favorable than the original deal.'Pershing has also...
Borders turns to major shareholder for help
Borders' Australian, New Zealand and Singapore stores may be under new ownership by January 2009 regardless of the outcome of negotiations with potential local purchasers.In its latest attempt to overcome...
A&R and Borders ‘unable to reach agreement’
Angus & Robertson Whitcoulls (ARW) has announced that negotiations with Borders on a deal to acquire its Australian and New Zealand stores have ceased. 'As a result, it is unlikely...
In Brief
ACCC releases details on ARW/Borders decisionThe Australian Consumer and Competition Commission has now released a detailed report on its decision not to oppose any bid for Borders' Australian stores by...
Borders expands its borders
Borders will open a new outlet in outer-suburban Sydney on 6 March. The two-level Rouse Hill store will employ 28 staff across its 1868 square metres, and will stock up to...
ACCC will not oppose A&R Borders bid
As reported in a WBN Special Bulletin last week, after a number of delays, the Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose the proposed...
ACCC won’t oppose acquisition of Borders by A&R
As reported in a WBn Special Bulletin last week, after a number of delays, the Australian Competition and Consumer Commission (ACCC) has announced that it will not oppose the proposed...
ACCC ruling on A&R Borders bid expected later today
After again postponing the announcement of its ruling, the Australian Competition and Consumer Commission (ACCC) now expects to announce the outcome of its review of the proposed takeover of Borders' Australian...
ACCC delays Borders ruling again
The Australian Competition and Consumer Commission (ACCC) has again postponed its decision on A&R's proposed takeover of Borders' stores in Australia. The commission was due to release its findings today,...
New Borders website gets off to a good start
A new website quietly launched by Borders late last year has had a very successful first Christmas, ranking as the most-visited book retail website in Australia in November and December,...