Whitcoulls stores in New Zealand are safe from closure, its Australian parent company's administrator says.

Another triumph for private equity.

The Commerce Commission has issued a warning to Borders that a pre-Christmas voucher promotion risked breaching the Fair Trading Act. 

In November and December 2009 Borders advertised a promotion with the headline offer “Receive $20 in vouchers for every $75 you spend at Borders until Christmas.”

The promotion was widely advertised in-store and online through an e-newsletter and on Borders’ website.