Tag Archives: administration

As expected, retailer GAME will this morning enter administration. Furthermore, Sky News presenter Joel Hills has claimed via Twitter that no buyer has been found for the chain. The news sadly points to a store closure programme, with staff likely to be told today of which branches are to close …

Talks to save GAME have reportedly collapsed, with reports suggesting that it will enter administration tomorrow when an immediate sell-off of assets will begin. The Express reports that the move will trigger a sale of GAME’s most valuable assets in what it describes as the biggest retail failure since Woolworths”. …

Tenshi Consulting’s Ian Baverstock explores what led to GAME’s decline, how it could have been averted and how the troubled specialist’s plight compares to that of similar retailers. This artcile was originally published on Tenshi Consulting’s website. GAME has announced their intention to appoint administrators. GAME Group (GMG.L) has spectacularly …

A source close to Comet owner OpCapita has revealed to MCV that a deal to takeover GAME is now very unlikely. GAME this morning filed for administration and is understood to be preparing to re-launch in a slimmed-down guise under an amended management team. That’s despite the fact that OpCapita …

The value of GAME’s assets needs to be reassessed to ensure that shareholders receive a rightful return on their investment, Blueshore Global has told MCV. Having acquired new stock in the retailer yesterday before its filing for administration and stock freeze this morning, the company – which owns nine per …

UK retailer GAME officially filed for administration, although it will continue to trade for the time being. "Further to this morning’s announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient …

One way or another, GAME as we know it has GONE, and may be replaced by something entirely different on Monday. MCV has learnt today that GAME management has presented suppliers with four possible outcomes for the company. The conclusion follows a period of consultation between a hired financial specialist …

MCV has learnt that a number of retailers and suppliers are putting plans and finances in place to ensure they are ready to acquire potentially cut-price assets should GAME go into administration this week. If a deal is not struck by the weekend it is likely that GAME will be …

MCV understands that staff within GAME’s Basingstoke headquarters believe the firm will fall into administration on March 24th unless a buyer is found. That is a day before GAME’s quarterly rent day of March 25th on which GAME will be required to pay the leases for many of its stores. …

MCV has learnt that senior members of the GAME management teams have been told to brace for the possibility of administration. Senior staff were told at a meeting with CEO Ian Shepherd earlier this week that the chain has approximately two weeks to turn its fortunes around. However, hope remains …