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[TR] GAME UK officially files for administration.

post #1 of 44
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Quote:
Troubled retailer GAME has officially filed for administration, the firm confirmed this morning.

The company issued a statement saying, "Further to this morning's announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business.

"The board has therefore today filed a notice of intention to appoint an administrator.

"In the short term the Board's intention is that the business will continue to trade and discussions with lenders and third parties will continue under the protection of the interim moratorium."

www.techradar.com
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post #2 of 44
Good job I used all my points from my card!
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post #3 of 44
This is kinda sad, but it was inevitable.

When you have to pay for staff, high street rates and rent, and physical premises there's no way you can compete with supermarkets, amazon, and steam.

On the other hand, they deserved it with the amount they charged for used games.
post #4 of 44
use your points today people wink.gif

ot was bound to happen in the next few weeks bye game sigh
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post #5 of 44
Competition goes away, prices go up.
Maybe. hope not.
Wonder what will happen. Either way the customer always pays the price mad.gif

I wonder if Game Australia will go into administration as well.
    
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post #6 of 44
Thread Starter 
Quote:
Originally Posted by Antistatic12 View Post

Competition goes away, prices go up.
Maybe. hope not.
Wonder what will happen. Either way the customer always pays the price mad.gif
I wonder if Game Australia will go into administration as well.

I think it will because it is "GAME Group plc" that has gone into Administration and they own GAME Australia http://www.game.com.au/about
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post #7 of 44
Well, I've not bought anything there in a LONG time, their PC section is microscopic, and poorly stocked.
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post #8 of 44
They bought gamestation as well who were better and also dealt in imports etc so its a loss to the highstreet. Game closing doesn't affect me though.
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post #9 of 44
Quote:
Originally Posted by Lee79 View Post

I think it will because it is "GAME Group plc" that has gone into Administration and they own GAME Australia http://www.game.com.au/about

well in that case i will go use my points ASAP
    
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post #10 of 44
D: This is where I get my PS3 games from.
    
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