Paper Plus about to buy borders

Well according to the latest news A&R; Whitcoulls Group Holdings stated today that they would not be buying Borders book shops. I was stunned now after they have spent so much money to drop out is strange. Probably borders want too much.

That leaves only New Zealand's Paper Plus left in the bidding for borders. Paper Plus are the largest newsagency, stationery and book franchise in Australasia. They are New Zealand based with about 175 shops roughly equivalent to Supanews here. They are huge with a total sales turnover approaching NZ$200 million a year and obviously their expansion plans include Australia. It would mean that another major player is about to enter the newsagency market here.

Here are some promo material from paper plus on one of their shops.