Manager of Borders Downtown Crossing store in Boston store manager Don Durica told the Boston Herald that his store is definitely closing after being unable to renegotiate their lease. That store is one of the 51 on a list Borders provided to the bankruptcy court as locations they might liquidate to remain in compliance with their DIP financing. At the same time, Borders has emphasized in their filing and public statements that they hope they will need to close only some of those locations. In a supplementary motion on Thursday, the AlixPartners managing director who serves as Borders svp, restrucuting […]
