No Storybook Ending for Borders Group
The bookstore chain's bankruptcy tale concludes with liquidation
By
Danielle Cantor
and Noelle Skodzinski
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It started with a "novel" beginning almost 50 years ago—when Lawrence Hoyt opened his first independently owned bookstore in Pittsburgh, Pa., calling it The Walden Book Store in tribute to Henry David Thoreau's literary classic, "Walden," and when nine years later Tom and Louis Borders opened their first 800-square-foot used bookstore in Ann Arbor, Mich. But it has, unfortunately, not had a storybook ending.
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Danielle Cantor
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Noelle Skodzinski
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