ANN ARBOR, Mich. (AP) — A liquidation company participating in Borders Group’s’ going-out-of-business sales has donated about 8,000 to the Chicago Public Schools.
ANN ARBOR, Mich. (AP) — A liquidation company participating in Borders Group’s’ going-out-of-business sales has donated about 8,000 to the Chicago Public Schools.
The Ann Arbor, Mich.-based book store chain is closing its remaining 399 stores.
Northbrook, Il.-based Hilco Trading LLC said Saturday that it has donated "academic quality books" worth about $130,000 to Chicago’s schools.
Hilco tells AnnArbor.com that it selected the books from those it bought from Borders.
Hilco chief executive Jeffrey Hecktman says his company believes that "education, above all other factors, is the foundation of commercial success."
Borders Group Inc. filed for bankruptcy protection in New York in February, brought down by tough competition and an inability to adapt to consumers’ increasing appetite for e-books. Borders received court approval to liquidate its stores in July.
Copyright 2011 The Associated Press.
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