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Target makes another move in Canada
The first Target stores in Canada won’t open until 2013, but the company recently announced it retained MDC Partners to lead the development of its overall marketing efforts. According to the company, the MDC integrated team is being led by kbs+p Canada and Veritas Communications, along with support from Northstar Research Partners and BOOM! Marketing.
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Borders to sell itself to private investment firm for $215 million
Ann Arbor, Mich. -- Borders Group announced Thursday that it has agreed to sell itself to Najafi Cos. for $215 million. The deal is subject to court approval.
Najafi Cos. is a Phoenix-based private investment company which owns the Book-of-the-Month Club.
The "stalking horse" bid will open an auction for the company and its assets, so a higher bid is possible, according to reports.