On November 26, 2009, Borders (UK) Ltd was placed into , which is the equivalent to in the US. At that time, the Borders bookshop chain in the UK started a closing down sale in all of its 45 stores. On December 14, Borders UK converted to liquidation (which is equivalent to in the US) and announced it was going out of business. All UK stores were closed by the end of the year.
In 1998, was established as a Borders Group subsidiary and with its Borders and Books etc. After quickly becoming one of the country's leading booksellers, due to the fierce competition in the UK marketplace, a number of the Books etc. stores closed, and Borders (UK) Ltd. was sold in 2007 to a private equity investor.
House Speaker Newt Gingrich, R-Ga., talks with a customer after signing his book for her at Borders Books in Charlotte, N.C. , Wednesday, April 8, 1998. Gingrich is on tour signing his new book "Lessons Learned the Hard Way." (AP Photo/The Herald, Andy Burriss)