James Pascoe buys REDgroup's Whitcoulls, Borders NZ
Thursday, 26 May 2011, 4:51 pm
REDgroup administrator sells Whitcoulls, Borders NZ to
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.