Borders raises $25 million and names a new chairman
Internet Retailer
Borders Group Inc. has raised $25 million in a private sale of 11.1 million shares to private equity firm Vector Group Ltd., which is controlled by Bennett S. Lebow. Lebow is now both the company’s biggest shareholder and its chairman. The investment comes less than a month before Borders, No. 194 in the Internet Retailer […]