Borders Group Inc. 194 Borders Direct Books / Music / Videos Online Sales:$60,400,000 Growth:32.2% See More has a new finance commitment from GE Capital to restructure its business and focus the company more on e-commerce.
Borders, No. 194 in the Internet Retailer Top 500 Guide has secured $625 million in credit from GE Capital Restructuring Finance. The financing will be used to finalize the closing of unprofitable stores and pay vendors and landlords.
Borders, which has 19,500 Borders and Waldenbooks stores in the U.S., hasn....