GAME looks mid to long-term with PwC assistance
Accountancy firm conducting strategic review for troubled retailer
Struggling High Street specialist GAME has hired PricewaterhouseCoopers to conduct a strategic review focused on the mid and long-term prospects of the company.
The retailer is expecting a pre-tax loss of £18 million for the financial year ended January 31, and is surviving on reorganised lending facilities and the potential sale of its overseas business.
According to The Telegraph, PwC may see a more positive future for the retailer by taking into account upcoming hardware and software releases in the cyclical games business.
Outlook is bleak for the GAME Group, with many in the games industry beginning to ask what will happen if the UK's only dedicated specialist chain disappears from the High Street altogether.