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Bendix Quoted in Reuters Article, "Sale Plan Could Signal Borders' Shift to Digital"

July 1, 2011

Co-leader of Dykema's Bankruptcy practice, Rick Bendix, was quoted in Reuters' article covering Borders Group Inc.'s preliminary agreement to sell itself to a private investment firm. The sale would make Borders a subsidiary of Direct Brands, an online and catalogue-based supplier of media such as DVDs, CDs and books. The article addresses the sale’s potential implications, particularly with regard to Borders’ bankruptcy filing in February. Bendix said the sale, “could foreshadow the company’s move away from the superstore retail model.” Elaborating, Bendix said that “the free-standing store seems to be on its way out as a business model because it’s cheaper to go online, either to buy the physical book online or buy the book digitally.”  

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