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August 29, 2011By Sarah Weinman

BAMM Gets OK To Take Over Borders Store Leases; Promotes Finley To President & COO

August 29, 2011By Sarah Weinman

On Monday afternoon in federal bankruptcy court Judge Martin Glenn gave his approval for Books-A-Million to take over 14 of Borders’ store leases by September 20 after some objections, mostly to do with how much money BAMM must pay landlords, were worked out. “I’m glad that everyone was able to work out the objections,” Judge Glenn said, according to a report from Dow Jones. Books-A-Million also announced that Terrance Finley had been promoted to president and coo of the company, replacing Clyde Anderson, who relinquished the role (though he remains ceo and chairman.) Finley was previously EVP & chief merchandising […]

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Filed Under: Borders, Finance, Legal

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