On Monday, Borders Group, the second-largest bookstore chain in the United States after Barnes & Nobles, announced that it will sell itself to a group of liquidators led by Hilco Merchant Resources and Gordon Brothers Group.
It will close its 399 stores and lay off 10,700 staff in the US as early as Friday.
However, this does not affect the two Singapore stores as they are owned by Australian firm REDgroup Retail, which bought them from Borders Group in 2008.
The latter had brought the brand here in November 1997 when it opened its first overseas store at Wheelock Place.
Borders Singapore's executive manager, Ms Inge Wilhelm, said via e-mail: "Borders Singapore has no affiliation with Borders USA.
"Naturally, as fellow book retailers, any further store closures in the US is met with sadness on our part."
"Nothing, however, has changed here in Singapore, (and) we continue to conduct business as usual."
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