GAME’s banks hires PwC to conduct strategic review

GAME’s lenders have asked PwC to assess the firm’s medium and long-term future.

The firm will look to understand how much of GAME’s issues are down to structural decline facing games retail and how much is down to the console cycle, reports The Telegraph.

GAME is currently working on a new strategic plan, which could mean better supplier arrangements – similar to the deal HMV has struck with its music and DVD suppliers.

It follows the emergency deal GAME struck with its banks in order to keep it in business.

According to the report, even if PwC feels there is a terminal problem with games retail, it could still benefit from the mid-term boost of new console launches such as Wii U. And this is likely to satisfy lenders.

MCV has contacted GAME for an update on this and further information about the proposed sale of the company’s international store portfolio.