MCR close down Borders' head office - Administration looking terminal

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.

Posted at 07:30PM Dec 09, 2009 by Kelly Board in Insolvency  |  Comments[0]