Bookseller Borders UK, which has a shop in Magdalen Street, Oxford, is considering calling in administrators after becoming the latest high street victim of recession.
Late on Wednesday Borders filed court documents giving notice that it intended to appoint BDO LLP as administrator. The firm is owned by Valco Capital Partners, the private equity arm of restructuring specialist Hilco.
Borders, which trades from 45 stores, has been struggling to persuade book publishers to continue supplies, because of worries that they could lose money.
It has faced intense competition from Internet players and supermarkets.
Administration would put over 1,000 jobs at risk.
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