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Borders (retailer)
&sq=crain_ford&lang=en&file=File:Borders_(retailer)_Logo.svg){kind=logo} Logo used since 2005 | |
&sq=crain_ford&lang=en&file=File:Borders_The_Curve_(211029).jpg) A former Borders outlet in Malaysia | |
| Industry | Bookselling |
|---|---|
| Founded | 1971 |
| Headquarters | United States  |
Area served |
|
| Products | |
| Owner | Al Maya Group (Middle East) Barnes & Noble (Rest of World, trademarks) |
| Subsidiaries | Waldenbooks (former) |
Borders is a book and stationery retailer operating in Kuwait, Oman, Qatar and the United Arab Emirates by the Al Maya Group. It was founded in the United States in 1971 by brothers Tom and Louis Borders, who opened their first bookshop in Ann Arbor, Michigan.[1]
In 1992, it was purchased by Kmart, but then spun-off in 1995 as Borders Group, Inc. and remained headquartered in Ann Arbor, with Waldenbooks as its subsidiary.[2] In 1997, Borders expanded into Singapore, and then later expanded into Australia and New Zealand. In 1998, Borders expanded into the United Kingdom, and then later into Ireland. In 2005, it opened in Malaysia, and in 2006, with Al Maya Group, it opened a location in the United Arab Emirates, and then further expanded across the Middle East.[3][4]
In September 2007, Risk Capital Partners purchased the Borders stores in the United Kingdom and Ireland, alongside a license to use the Borders name.[5] In June 2008, REDgroup Retail purchased the Borders stores in Singapore, Australia and New Zealand with a license to the Borders name.[6]
In November 2009, Borders in the United Kingdom and Ireland collapsed into administration, with all stores closed by the end of the year, resulting in around 1,150 job losses.[7] In June 2011, Borders closed in Singapore, Australia and New Zealand after its franchisor went into administration.[8] In July 2011, Borders in the United States was liquidated after failing to find a buyer. It employed about 19,500 people throughout America, including at its Waldenbooks stores.[9][10] Its final U.S. stores closed down in September 2011.[11]
In September 2011, its longtime rival Barnes & Noble acquired the Borders trademark and other intellectual property assets.[12] The Malaysian and Middle East Borders operations continued to trade under renewed franchise deals with Barnes & Noble, as well as a failed attempt in 2013 to re-establish the brand in Singapore.[13] In 2015, Al Maya Group purchased the regional Borders trademark rights outright from Barnes & Noble, and subsequently diversified it into a merchandise mix consisting of books, toys and stationery.[14] The Malaysian Borders franchises closed down in July 2023.[15]
- ^ Wray, Julian (December 4, 2022). "I died with the last Borders bookstore". The Michigan Daily. Retrieved January 14, 2025.
- ^ Milliot |, Jim. "Borders's Fall From Grace". PublishersWeekly.com. Retrieved January 14, 2025.
- ^ Nair, Manoj (July 10, 2021). "For Dubai's Al Maya Group, the final word has not been written on Borders' bookstores". Gulf News: Latest UAE news, Dubai news, Business, travel news, Dubai Gold rate, prayer time, cinema. Retrieved January 14, 2025.
- ^ "What Does Borders Closing Down Say About The Future of Bookstores in Malaysia?". www.bfm.my. Retrieved January 14, 2025.
- ^ "Borders sells its UK book stores". September 21, 2007. Retrieved January 14, 2025.
- ^ Page, Benedicte (February 17, 2011). "Borders bankruptcy spreads to US and Australia". The Guardian. ISSN 0261-3077. Retrieved January 14, 2025.
- ^ Wood, Zoe; Finch, Julia (November 26, 2009). "End of a chapter for Borders". The Guardian. ISSN 0261-3077. Retrieved January 14, 2025.
- ^ Zappone, Chris (June 2, 2011). "The end: Borders to close remaining stores". The Sydney Morning Herald. Retrieved January 14, 2025.
- ^ "Borders books to close, along with 10,700 jobs". CBS News. July 18, 2011. Retrieved April 22, 2020.
- ^ Clark, Andrew (February 13, 2011). "Borders poised for bankruptcy". The Observer. ISSN 0029-7712. Retrieved April 22, 2020.
- ^ "What Happened To Borders?". HuffPost. September 16, 2011. Retrieved January 14, 2025.
- ^ "Barnes & Noble Big Winner in Borders IP Auction". PublishersWeekly.com. Retrieved January 14, 2025.
- ^ 154thmedia2013 (August 1, 2013). Borders bookstore to make comeback in Singapore - 31Jul2013. Retrieved January 14, 2025 – via YouTube.
{{cite AV media}}: CS1 maint: numeric names: authors list (link) - ^ Nair, Manoj (July 9, 2021). "For Dubai's Al Maya Group, the final word has not been written on Borders' bookstores". Gulf News.
Dubai retailer shows how to turnaround a bankrupt global brand into regional powerhouse
- ^ Sabrina, Sarah (June 16, 2023). "BORDERS M'sia is shutting down after 18 yrs, here's what it says about our bookstore culture". Vulcan Post. Retrieved January 14, 2025.
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