Publishers waiting on Borders cash.

This article reports on the debt payments received by publishers from Borders UK following its bankruptcy in November 2010. Publishers have only received an additional 100,000 pounds from administrator MCR compared to almost eight million pounds paid to Valco, the company that backed the retailer's...

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Publicado en:Bookseller no. 5440; p. 6
Autor principal: Neill, Graeme
Formato: Artículo
Publicado: Bookseller Media Ltd 7/9/2010
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Publishers waiting on Borders cash.
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        Borders UK Ltd.
        Corporate debt
        Publishing
        Bankruptcy
        MCR LLC
        Valco Inc.
        Stock ownership
        United Kingdom
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          United Kingdom
          Borders UK Ltd.
          Corporate debt
          Publishing
          Bankruptcy
          MCR LLC
          Valco Inc.
          Stock ownership
      ab: This article reports on the debt payments received by publishers from Borders UK following its bankruptcy in November 2010. Publishers have only received an additional 100,000 pounds from administrator MCR compared to almost eight million pounds paid to Valco, the company that backed the retailer's buyout. The retailer owed 10.8 million pounds to publishers. MCR announced the settlement of the majority of retention of title (ROT) or ownership of stock claims.
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