GAME hints at possible international sell-off

UK retailer GAME has hinted at the possible sale of some of its international operations as it continues to fight for its life in the UK.

In response to press speculation the GAME Group confirms that it is in ongoing dialogue with its lending syndicate to reach agreement on revised terms for its facilities,” a statement reads.

As part of these discussions, the lending syndicate is reviewing a strategic plan of the company which includes a review of its overseas operations.

A further announcement will be provided once discussions with its lending syndicate have concluded.”

Rothschild has been appointed to oversee the review. It is not known whether GAME is seeking to sell of all or part of its international business.

GAME currently has some 663 non-UK stores spread across France, Australia, Sweden, Denmark and Norway. It has 610 UK outlets.

If it comes to fruition, the move would mirror the tactic employed by HMV last year when it sold off its Canadian operations, as well as book chain Waterstones.