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Friday, 30 March 2007

The Borders sell-off gets coverage by Helen Twose in The New Zealand Herald.

Borders Asia Pacific managing director John Campradt said: "We are already getting some interesting phone calls from various private equity groups and other retailers in the marketplace."

Borders Group chief executive George Jones said: "Our company's performance has fallen short in an industry that is increasingly competitive, technology driven and price sensitive." He means in the U.S. The performance of the Australasian business has been good.

By "technology driven" he means Amazon, AbeBooks and their ilk, who are able to sell at lower cost due to lower overheads.

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