GAME weighs final options before point of no return - XboxMB

XboxMB News · 03-21-2012

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UK retailer GAME, which had nearly 1,300 stores across Europe and Australia last November, is nearing its final days unless some financial foolery and corporate conjurations work out. MCV lays out four plans it has gathered from sources, which may lead to potential outcomes over the next week for the troubled company.The first option, which would be refinancing of the current company by buyout bidders OpCapita, has apparently been ruled out by MCV. Next is a white knight or angel arriving and saving the day, but with a Sunday deadline this is considered "incredibly unlikely." Outcome number three: GAME is GONE.However, MCV mentions a fourth option, which would save much of the company's workforce and leave the chain with over 300 stores. The move would have GAME voluntarily enter administration and create a "new company, funded by current bank lenders." If it happens, it would occur next Monday. The plan was apparently presented to GAME's concerned suppliers today. If the publishers agree, the GAME continues next week.

Source: thetechgame.com

AZ1189 · 03-21-2012

There not stocking new games... No Capcom releases will be sold... Mass Effect 3 wasnt sold... Holding back on big sellers wont help them...
Saying that MW3 was sold in TESCO more than any other store in uk.... It out sold milk too

Tucker · 03-21-2012

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Originally Posted by AZ1189

There not stocking new games... No Capcom releases will be sold... Mass Effect 3 wasnt sold... Holding back on big sellers wont help them...
Saying that MW3 was sold in TESCO more than any other store in uk.... It out sold milk too

They don't have the money to stock big games... It's not like they purposely stopped stocking certain games. Lol.

Rocky5 · 03-21-2012

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Originally Posted by AZ1189

There not stocking new games... No Capcom releases will be sold... Mass Effect 3 wasnt sold... Holding back on big sellers wont help them...
Saying that MW3 was sold in TESCO more than any other store in uk.... It out sold milk too

They asked EA & other publishers for help, ie, reduce the fees payable to them but they said feck no & now Game/Gamestation are now in the ****s

Gamestation was a good store & the only one in our town to sell games.

garland kingz · 03-21-2012

looks like this is goodbye to a great company.as evrything starts it must also end.

maxmememax · 03-21-2012

Glad it's dying, It's about time brick and mortar stores died, They've been driving prices sky high and bullying their way through the industry for too long now. It'll be good to see the main source go.

Chris · 03-21-2012

Maybe now since there is an opening Gamestop will make a move and expand to the UK.

New0001 · 03-21-2012

To be fair, their own products (Orb) are terrible, and they over-charge on every product, not as bad as Blockbuster though, but still, they have a no returns policy on wireless headsets, and their Orb stuff sucks the big D, I honestly hope GAME and Gamestation both get shut down (because they are owned by the same company)

on another note: The Game

Xoid · 03-22-2012

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Originally Posted by Chris

Maybe now since there is an opening Gamestop will make a move and expand to the UK.

game stop and game are linked i heard they are both closing down.

iiNoxiousHD · 03-23-2012

oh well hopefully another game company manage to move into the free stores it wouldnt feel right seeing another womans clothing store