REDgroup, parent company of Borders Australia and Angus & Robertson bookstores, has been placed into administration following a board meeting this afternoon, but ebook firm Kobo has said that it will power on.
Kobo Wireless Reader
Borders and Angus & Robertson both provide their ebook offering via Kobo and if these stores stop trading, the ebook reader manufacturer would lose two of its major stockists.
Malcolm Neil, director of Vendor Relations for Kobo e-reader, told ZDNet Australia that the actions of REDgroup would not affect customers' ability to use their Kobo e-reader to buy ebooks.
"No matter what happens, Kobo remains a very profitable and strong business, and we will continue to support our customers," he assured.
Borders Group Inc filed for Chapter 11 bankruptcy in the US this morning, with Borders Australia and Angus & Robertson following suit this afternoon, according to the Sydney Morning Herald.
ZDNet Australia sought comment from REDgroup, but no response was provided at the time of writing.