Report Comment to a Moderator Our Moderators review all comments for abusive and offensive language, and ensure comments are from Verified Users only.
Please report a comment only if you feel it requires our urgent attention.
I understand, report it. Cancel


New GAME owner confirms no more store closures

By Matt Martin

New GAME owner confirms no more store closures

Sun 01 Apr 2012 4:55pm GMT / 12:55pm EDT / 9:55am PDT

Retailer bought out of administration, some head office staff to be offered jobs back

The new owner of beleaguered retailer GAME has confirmed there will be no more store closures as it provides capital to the business to trade "on a normalised basis."

Baker Acquisitions, advised by OpCapita, has bought all the UK assets of GAME, and will keep 333 stores open, safeguarding almost 3,200 jobs. It also hopes to re-employ a small number of head office staff.

"We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a 2.8 billion market in the UK," commented Henry Jackson, MD of OpCapita.

"We have assembled a strong team of experienced industry operators to implement the programme of operational change that is needed. There is a huge amount to do but we look forward to the challenge of restoring GAME's fortunes in partnership with its employees and suppliers."

Getting suppliers on board with the new business will be a top priority after publishers such as Electronic Arts, Activision and Ubisoft began pulling games from shelves at the start of this year. Saddled with debt, the publisher spiralled into administration last week, sacking over 2,100 staff and closing 277 stores.

"We are delighted to be able to secure this business sale and provide some much needed stability for customers, suppliers and employees alike in these uncertain times," added Mike Jervis of administrator PwC. "The support of these stakeholders has been crucial over the last week and I would like to thank them for their support throughout this difficult period.

"This means that the GAME brand will not be another one of the retail names disappearing from the high street in the current difficult climate."

From Recommendations by Taboola


Siyuan Lin Sound Designer

7 0 0.0
April 1st, mmm

Posted:3 years ago


Rupert Loman Founder & CEO, Gamer Network

140 60 0.4
That would be pretty cruel!

Posted:3 years ago


Nick Parker Consultant

329 212 0.6
Who is the 'strong team of experienced industry operators'?

Posted:3 years ago


Ged McMillan Retail Manager

16 11 0.7
Have they actually been quoted as saying no more store closures?

Posted:3 years ago

It would be interesting to see which kind of management staff are hired.

Would it be from the industry or someone who has experience turning around large corporations eg. Sir stuart rose

Posted:3 years ago


Stephen Richards Game Deisgner

71 36 0.5
I'm guessing it means no more closures in the immediate future. In other words, the company won't collapse completely. If they aren't prepared to close more stores over the next five years as more games go digital only, they'll end up in exactly this position all over again.

Posted:3 years ago


James Verity

132 25 0.2
Still think its daft the way they decided to keep two shops in some towns... we still have both a Game and Gamestation within easy walking distance of each other...

Posted:3 years ago


Peter Dwyer Games Designer/Developer

490 302 0.6
Actually they will need to diversify the business. It's something that they already started before the collapse. Digital distribution along with bricks and mortar stores and a vast reduction in their used vs new ratio of stock.

Online only titles from EA seem to be a quite litterally stupid prices on PSN and Live. 49.99 for Mass effect when a solid copy can be had for 37? I still have yet to understand that nonsense.

Posted:3 years ago


Login or register to post

Take part in the GamesIndustry community

Register now