GAME - Store Closures Begin | Gamerillaz

GAME – Store Closures Begin

GAME – Store Closures Begin
 

The slow, painful and very public death of the GAME group continues with yesterday bringing the news that the companies creditors had rejected a rescue bid from OpCapita, the owners of the Comet chain of stores. This has GAME needing to find £180 million before the end of this week to cover bills including a £21m rent payment due on Sunday, more than £10m owed in deferred VAT, £40m owed to video game suppliers and a £12m wage bill shortly requiring payment.

The latest reports suggest that store closures are already underway in several areas as the company seeks to reduce it’s number of stores from 610 to 575. The shops which are to be axed include Bracknell, Berkshire, Hull and Wrexham, but customers who currently have pre-orders placed for forthcoming titles are being told that their purchases are still valid and will be dealt with by other GAME and Gamestation stores.

We’ll be sure to keep you abreast of all the latest news relating to the state of on of the UK’s biggest gaming retailers as we get it, as of course, our thoughts are with the unfortunate members of staff who are soon to find themselves without a job.

Dr. Zaius says:

That it is CarryOn

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