Video: Skegness Game store may be saved in rumoured UK buy-out

EMBATTLED Skegness retailer Game has potential buyers, a report in the Financial Times has suggested.

OpCapita, which bought Comet last year, is rumoured to be eyeing up Game’s UK stores.

The Game store in Skegness.

The Game store in Skegness.

It is unknown what the possible buy-out would mean for the future of the company’s individual branches.

The news comes hard on the heels of confirmation by Game on Monday that it was looking for a buyer and had hired independent advisory group Rothschild to help it in its aim.

Despite a £1 billion pound annual turnover Game is saddled with large debts - and this caused its shares to plummet by a whopping 90 per cent last year.

The firm has been unable to stock a number of major recent gaming releases, such as Mass Effect 3, as a result of its cash-flow woes.

Game’s stores have also been holding ‘fire sales’ to raise the cash needed to keep the company out of administration until a buyer can be found.

These sales are rumoured to have been marketed as a ‘Spring Clean’ at many of Game’s branches (see video of Skegness store).

Last week CEO Ian Shepherd was reported to have given the firm just two weeks to ‘save itself’.