Breaking News: Game stores close doors

The Game store in Skegness.
The Game store in Skegness.

A NUMBER of major GAME stores across the UK have reportedly closed their doors after the firm officially went into administration on Monday.

GAME Group had announced on Friday that it intended to enter administration after crippling debts, a declining market and supply isssues left the company teetering on the brink.

It appointed administrators PriceWaterhouseCooper (PWC) on Monday morning after failing to find a buyer.

And reports have begun circulating that several flagship sites have now closed their doors - including city centre stores in Edinburgh, Birmingham, Newcastle and Liverpool.

GAME’s customer website has also been taken offline.

But the Skegness branch of GAME was still open and trading as of 3.45pm on Monday afternoon.

Announcing the appointment of administrators on Monday, a company spokesperson said: “Further to our announcements of 21 March, the Board of GAME has completed its discussions with lenders and third parties without resolution, and has therefore today appointed PWC LLP to act as administrators for the Group.

“This decision is taken after careful consideration and ceaseless interrogation of every possible alternative.

“The Board would like to thank the teams of GAME and Gamestation colleagues around the world for their exemplary dedication, passion and professionalism,” they added.

Meanwhile, reports in The Independent suggest that there is still interest in a buyer for the Group.

Three competing buyouts are rumoured to be in the offing, and there is still hope that the firm can be sold on as a going concern.

GAME employs 6,000 staff in the UK and owns both the GAME and Gamestation brands.