Borders Group, Inc. (BGP) said Friday that the January 15 article on debtwire.com, which claimed the book retailer has extended the length of time it takes to pay its small publisher vendors by 40% among other things, includes inaccurate information.
Borders clarified that it has continued to pay its vendors in a timely manner, has not lengthened its days to pay, and has not been contacted by a group of publishers as alleged.
Borders noted that it has significantly increased book inventory in the fourth quarter compared to last year, a sign that it has continued to receive support from the vendor community.
The company also denied that it has been contacted by any law firms allegedly retained to represent a small group of publishers.
Borders also cited today's report that the law firm of Lowenstein Sandler issued a statement saying a group of smaller publishers had hired the bankruptcy group of Lowenstein Sandler as legal counsel, as appeared in the article, is incorrect.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.