Australia's largest book retailer is on the verge of total collapse, with administrators likely to break up the Borders and Angus & Robertson chains to sell to other retailers.

Dymocks has confirmed to Crikey today it is in discussions with administrator Ferrier Hodgson to add to its nearly 100-strong network of stores across the Asia-Pacific region. Collins Booksellers is also understood to be in discussions as another possible lifeline for REDGroup stores and staff.