This was in our Wellington paper this morning Trans Tasman administration Borders and Whitcoulls in both Australia and New Zealand were placed in administration yesterday by Australian parent company REDgroup Retail, which manages operations in both countries. REDgroup’s New Zealand managing director Peter Kalan is said to be in meetings this morning with his Australian counterparts. The administration is thought to have been triggered by tough retailing conditions in the publishing sector, where online bookstores are becoming a more popular option for customers because they are able to … [Read more...]