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Retail

Oxford St GAME could be forced to close

Oxford St GAME could be forced to close

Mon 14 May 2012 1:20pm GMT / 9:20am EDT / 6:20am PDT
Retail

Legal battle over owed rent threatens UK retail chain's flagship

Game Retail could lose its flagship store after landlord Lazari GP was granted the right to eject the retailer from its Oxford Street property.

It's a desperate situation, with The Telegraph reporting that Lazari GP has a new tenant waiting to take over the building, and a court order that gives it the right to send in bailiffs to change the locks at any time.

The dispute is over 3 months advance rent, totalling £100,000, that was due before The GAME Group went into administration under PricewaterhouseCoopers. PwC has refused to pay the sum, and argued that the payment deadline passed before it took over.

According to The Telegraph, PwC said it "no longer has an economic interest" in the situation, as it is "largely between OpCapita and Lazari."

GamesIndustry International has contacted Lazari GP for comment.

4 Comments

Kevin Clark-Patterson Lecturer in Games Development, Lancaster and Morecambe College

294 27 0.1
"3 months advance rent, totalling £100,000!?"

Do they really need a store in that location at that expense?!

Posted:2 years ago

#1

Patrick Frost QA Project Monitor

411 213 0.5
Personally, I think that the GAME on Oxford Street is in a pretty poor location. Their flagship store needs to be larger, more inviting and viewable from a distance (which every store down that end the street is NOT).

Surely somewhere like the Westfield or the Bullring in Birmingham would be a better venue. They need space to do proper events and just make a spectacle. Make it somewhere that people would go to rather than their local store for E3 or a console release.

Posted:2 years ago

#2
Patrict has it right.

Westfield is doing crazy busy business at the moment (Stafford)

Posted:2 years ago

#3

Peter Dwyer Games Designer/Developer

482 293 0.6
Yep for that price let the building burn I say

Posted:2 years ago

#4

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