Bankrupt bookstore chain Borders Group Inc plans to end a pact with Seattle’s Best Coffee and to begin operating its own in-store cafes as it restructures and tries to become profitable.
The move would allow Borders to reduce licensing fees as it works toward emerging from bankruptcy, a spokeswoman said on Thursday.
Seattle’s Best cafes, part of Starbucks Corp , had been a staple of nearly all of Borders’ more than 400 superstores since the parties signed a licensing agreement in 2004.