Top credit insurer Euler Hermes is continuing to pull insurance cover from a number of retail operations, now including all of Borders UK, as well as the UK’s Book People. The decision is reportedly based on the overall economic decline rather than specific weaknesses at those operations. The Bookseller says that “the action has prompted at least one distributor to advise its clients to reconsider their trading limits. Hachette-owned LBS has emailed its publisher clients warning them that it wants to be told of the new limits by 23rd December or the supply of books will be placed on hold.”Bookseller
