Mike Fleming

The Wall Street Journal is reporting that Borders Group will liquidate after it received no offers to save its bankrupt bookstore chain. This is a real blow to the brick and border set–Borders was the second largest book chain in the U.S.–and doesn’t bode well for a chain that employed 10,700, per the WSJ. Rather than selling to a white knight, Borders is now asking a bankruptcy judge approved a sale to a liquidator as Borders ends its book selling run in the fall.