Game Group to carry on trading after OpCapita steps in to buy business

Investment firm says it will retain remaining 333 UK retail stores and safeguard 3,200 jobsStricken retailer the Game Group, which went into administration last week, has been given a new lease of life by investment firm OpCapita.The firm will acquire Game’s UK assets, retain its remaining 333 UK stores and safeguard more than 3,200 jobs.OpCapita […]
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Game Group suspends gift and loyalty cards after entering administration

Retailer says funds on reward cards cannot be redeemed and refunds or exchanges are no longer available for goodsGame Group has announced it has suspended its gift card and loyalty card schemes after going into administration. The gaming chain, which also includes the Gamestation brand, said it would not be able to offer refunds or […]
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Shop vacancies rise to highest level in four years as retail sales plummet

New survey sees formerly steady vacancy rate rise noticeably in February as monthly sales volumes fall twice as fast as expectedBritain’s high streets have more empty shops than at any time in four years after retailers suffered a bout of post-Christmas closures, according to a survey.The Local Data Company reported its monthly barometer of shop […]
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Game Group to enter administration

Fears for 6,000 UK jobs as troubled retailer’s shares are suspended and it admits its business is worthlessThe future of Game Group is hanging by a thread after it filed for administration and admitted the business was worthless, jeopardising 6,000 jobs in the UK.The video game retailer has been trying to negotiate a rescue deal […]
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Game Group shares suspended

Game over? Fears for future of retailer after shares suspended on the London Stock Exchange and it admitted the business has no valueFears for the future of retailer Game have intensified after its shares were suspended and it admitted the business has no value.The company, which operates 1,300 stores worldwide and employs 10,000 staff, was […]
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Game Group to offload overseas shops as UK sales plunge

Struggling video game retailer announces £18m loss for the year – but reaches new agreement with lendersThe struggling video game retailer Game Group has been given a lifeline by its banks after agreeing to sell its overseas stores.Game, which has issued a series of profit warnings in the past year as sales have plunged, said […]
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