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GAME eyes up HMV stores

CEO confirms UK retailer is in talks with Deloitte

GAME CEO Martyn Gibbs has confirmed that the retailer is in talks with HMV administrators Deloitte about acquiring some of the the entertainment chain's stores.

"We will constantly review our property portfolio based on what is available," he told The Financial Times, which put the number of stores GAME was interested in at 45. It also reported that these stores were based in locations not currently occupied by GAME.

"I would not rule out any stores becoming available, be that through an administration or normal property deals."

GAME itself was only recently rescued from administration by OpCapita, after closing 277 of its stores. This move could be a way to plug some of the retail gaps left by that time.

Gibbs added that given GAME's direct experience of administration, it was trying to act sensitively.

"We are doing everything we can to act really appropriately."

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Rachel Weber avatar
Rachel Weber: Rachel Weber has been with GamesIndustry since 2011 and specialises in news-writing and investigative journalism. She has more than five years of consumer experience, having previously worked for Future Publishing in the UK.
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