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Borders UK Enters Administration

bordersUK.jpgYesterday Borders UK entered administration, appointing the insolvency and restructuring company MCR to handle the company’s next actions–creating an uncertain future for 1,150 workers at 45 different stores.

The Times Online had this quote from joint administrator Phil Duffy about the UK-arm of the bookseller: “All stores remain open for business as normal while the administrators undertake a review of the company’s affairs and seek a purchaser for all or some of the company’s stores in which there has already been interest.”

In July, the company underwent a management buyout, trying to secure a stronger future. If you want to read more, the BBC published a helpful article comparing US bankruptcy to UK administration. In another article about the company’s woes, the Guardian bashed Borders’ “sure-fire” model of box store bookselling.

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Lauren Berger Writes New Book for Young People Entering "Real World"

Lauren Berger Welcome to the Real WorldCareer Expert, Lauren Berger, releases her second book, Welcome to the Real World: Finding Your Place, Perfecting Your Work, and Turning Your Job Into Your Dream Career (Harper Business), on April 22nd. In this book, Berger shares everything she wishes someone told her after graduation. Her book is the essential guide to anyone starting their first, second, or third job. She encourages readers to be fearless, step outside of their comfort zones, and go after what they want.