Moorfields assist Borders UK in dramatic restructure
The nationwide bookseller, Borders UK has called last minute rescue talks with 1, 100 jobs at risk.
The bookseller has been ravaged by internet competition and encroachment on its market by supermarket chains. It was spun off from Borders Group, its American former parent company in 2007, when it was brought for £20million by Risk Capital, the private equity firm owned by Luke Johnson.
Restructuring specialists from Moorfields CR were appointed by Risk Capital to oversee the dramatic reduction of the number of stores from 79 to 45. The flagship store in Oxford Street, London was sold this year to New Look, the expanding fashion retailer.
Moorfields Corporate Recovery LLP is a leading provider of Corporate Advisory, Restructuring and Recovery services. Our highly skilled teams provide leadership, experience and high quality advice to companies and their stakeholders in financially distressed situations.
Moorfields Corporate Recovery LLP is one of the UK's leading independent firms of restructuring and insolvency specialists.View all Our News