REDgroup administration: REDgroup Australia for sale; 37 A&R stores, 1 Borders store in Oz to close; 321 staff affected

Administrators Ferrier Hodgson has announced it is seeking expressions of interest for the Australian-based companies of REDgroup Retail.In an advertisement in yesterday's Australian Financial Review, the administrators encouraged 'all interested parties' to submit expressions of interest on the Ferrier Hodgson website for 'the whole or part of REDgroup Retail's businesses'.'Borders and Angus & Robertson are...