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Archive Home > 2011 > January > 01 > Borders delays vendor payments

Borders delays vendor payments


January 1, 2011

Borders Group Inc. faces serious trouble as it moves into the new year, following an announcement that it has delayed payments to vendors, a move that puts the company in jeopardy.

The nation’s second-largest bookseller said it’s working with vendors to restructure payment arrangements as it....

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