The global bookstore that knows no boundaries

The chain store, which supplies books, stationery, CDs and DVDs complete with in-store Gloria Jeans coffee shops, gained share from its competitors in the $1.2 billion book market.

Borders has since announced that it will sell its local business, having been approached by several private equity firms both nationally and internationally, such as Pacific Equity Partners, which expressed interest in merging Borders with A & R Whitcoulls Group. Dymocks also announced that it will make a bid.

KPMG Corporate Finance has been appointed by Borders to organise an information memorandum outlining the company's sales and earnings.

John Camprandt, managing director of Borders Australia told the Australian Financial Review that he was uncertain as to whether or not the company may consider a management buy-out with a private equity partner.

"We're not ruling that one in or out at this point," he said. "All we're doing is seeing what the market place does, seeing who is going to be really serious about bidding, and then we'll figure out what we do."

Got a view on this story? Drop us a line and let us know