 After July 2009, Borders was owned by Valco Capital Partners, part of Hilco, who specialise in distressed retailers.At the end of September 2009, it was announced that the majority of the remaining Books Etc., and the two Borders Express shops, would be sold, and closing down sales began shortly after.The company announced in November 2009 that it was looking for a buyer for the business following concerns that it would run out of money.