MCR close down Borders' head office

Administration looking terminal

By Insolvency News, 8 December 2009. Posted in Corporate

MCR have announced the redundancy of the majority of Borders' head office staff as the wind-down of the firm continues.  36 employees at the retailer's head office in London have been made redundant.  No redundancies have been made in stores.

Phil Duffy, partner at administrator MCR said: “Following our appointment as administrators we have undertaken a review of the company’s business and operations in the context of an administration and consequently identified a number of positions that have become redundant.

“This in no way impacts the business at a store level and I can confirm that no redundancies have been made in-store,” he added.

Duffy said: “We are now pursuing parallel administration strategies – continuing to seek a purchaser for all or some of the company’s stores whilst conducting store closing down Sales.”

He added: “Considerable interest has been expressed either in the business and/or certain stores and this interest is actively being pursued by MCR.”

MCR announced closing down sales at all of Borders 45 retail outlets.

eanwhile, there are reports that Amazon, the online retailer, is looking into a high street presence in the UK.

Comments What do you think?

  • disgruntled | 21:43 15 December 2009

    don't hold out much hope, MCR "saved" Blooming Marvellous, or in other words, sacked every senior person without pay and kept juniors on with revised contracts, extracted their full fees and mis-handled numerous claims for state benefits. If that's viewed as positive for anyone other than MCR then i think the next years MayDay riots,or protests should be really interesting

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