Mr Rouse's Online Classroom

Beyond Chalk: Education Innovation

Borders take over by Angus & Robertson

Leave a comment

Borders has said that it expects to soon complete the sale of its Australasian operations to Angus & Robertson (A&R Whitcoulls) after more than a year of talks with the owner of Angus & Robertson, Australia’s oldest bookstore chain.

A&R Whitcoulls is owned by Pacific Equity Partners, the Australasian private equity firm whose stable includes cinema chain Hoyts Group, industrial services as well as Sizzler and KFC franchises in Australia.

Borders will receive about $95 million immediately for the assets and could get up to $15 million more depending on whether it meets performance targets.

The purchase brings A&R Whitcoulls’ 30 Borders bookstores in Australia, New Zealand and Singapore and also exclusive rights to use the Borders trademark in those three countries.

Continue reading the rest of this article from the Herald-Sun on 7 June, 2008.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s