SmartCompany.com.au:
The toll from the collapse of REDgroup Retail continues to grow, with administrators announcing the closure of 16 more Borders stores.
But it’s not just the staff, customers and suppliers of the book chain that have been caught up in the closures – 14 Gloria Jeans franchisees operating within the book stores are also affected.
Gloria Jeans said this morning it is looking at legal action. It is also looking at “new locations along with preparing financial assistance packages for each partner to assist in relocation.”