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http://www.scoop.co.nz/stories/BU1105/S00938.htm James Pascoe buys REDgroup's Whitcoulls, Borders NZ Thursday, 26 May 2011, 4:51 pm Article: BusinessDesk REDgroup administrator sells Whitcoulls, Borders NZ to Pascoe May 26 (BusinessDesk) - The administrator of Australia bookseller REDgroup Retail has agreed to sell the ailing company's Whitcoulls and Borders New Zealand businesses for an undisclosed sum to James Pascoe Group, owner of the Farmers stores. The two book chains - 57 Whitcoulls stores and five Borders stores, will be sold to Pascoe's Project Mark, said the administrator, Ferrier Hodgson partner Steve Sherman, in a statement. [....]

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