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Game Group

Game Group 01/04/2012

17:03 : 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 ...
Source : guardian-co-uk

Game Group 29/03/2012

12:13 : Game over: the changing face of games retail - Keza MacDonald hopes the demise of Game Group might herald the return to the high street of small enthusiast shopsGame Group, the company that owns both of the specialist high-street games retailers Game and Gamestation, has officially ...
Source : guardian-co-uk

Game Group 26/03/2012

21:39 : Shutters fall on Game Group as time runs out for computer games chain - The chain finally pressed play on its administration yesterday becoming the biggest administration of a quoted retailer since the collapse of Woolworths.
20:44 : Is your local Game store closing? - Administrators at Game Group will close almost half the UK's 609 stores, leaving 2,104 people without jobs, in the biggest collapse since Woolworths in 2008. Here is the list of Game and Gamestation stores that ...
Source : telegraph-co-uk
16:26 : 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 ...
Source : guardian-co-uk
14:25 : Sky Sources: RBS Considers Game Group Takeover - A consortium led by state-backed Royal Bank of Scotland (RBS) is considering a takeover of Game Group, which has gone into administration, according to Sky sources.
Source : news-sky-com
12:09 : Game Group collapses into administration putting 6,000 UK jobs at risk - Professional services firm PwC has been appointed administrator to the video games retailer, which has 609 stores under the names Game and Gamestation.
09:31 : High Street In Focus As Game Hangs In Balance - Crippling upfront costs will force more British high street names into administration, the world's leading business real estate advisor has warned, as markets anticipate the fate of Game Group.
Source : news-sky-com
01:11 : Bidders ready to make play for struggling Game - Bidders are circling stricken Game Group, which is due to go into administration today. A consortium of existing lenders led by state-backed Royal Bank of Scotland is among three potential bidders for the ...

Game Group 25/03/2012

22:35 : RBS leads group of lenders planning buyout bid of Game Group - Game's British operations are expected to go into administration today, with the consortium of existing banks understood to be among the list of three potential bidders.

Game Group 21/03/2012

23:19 : Game over as computer game retailer fails to find a solution - Game Group has sent a wave of panic through the High Street as it reached for the off-button just days before it was due to pay its three-month rent bill.
13:48 : Game Group set for administration after shares suspended - Management at the video games retailer, which has 1,300 stores worldwide and employs 10,000 staff, have admitted the business has no value and Game shares were removed from trading today.
12:11 : 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 as it said it would appoint administrators and admitted the business was worthless. ...
Source : guardian-co-uk
10:29 : Game Group heads for pre-pack administration, shares suspended - Game Group - the video games retailer - is preparing for a pre-pack administration that will see the company slim down to just 300 out of 1,300 stores.
Source : telegraph-co-uk
10:03 : Game Group shares suspended from trading as firm admits it has no value - Management at the video games retailer, which has 1,300 stores worldwide and employs 10,000 staff, have admitted the business has no value and Game shares were removed from trading today.
08:52 : 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 ...
Source : guardian-co-uk
08:13 : Game suspends shares from trading - Shares in the video games retailer Game Group have been suspended from trading after the firm said it considered there was no equity value left in the group.
Source : news-bbc-co-uk

Game Group 15/03/2012

01:52 : PRESS DIGEST - British business - March 15 - Opcapita, the owner of electricals retailer Comet, has thrown a potential lifeline to Game Group by making a rescue proposal to take control of the stricken computer games retailer.
Source : reuters-com

Game Group 14/03/2012

22:23 : OpCapita offers Game Group a lifeline - OpCapita, the owner of electricals retailer Comet, has thrown a potential lifeline to Game Group by making a rescue proposal to take control of the stricken computer games retailer.
Source : telegraph-co-uk

Game Group 13/03/2012

09:17 : Game Group boss admits shares may be worthless as UK's biggest computer ... - Cash-strapped shoppers have deserted its tills. Worried suppliers have refused to deliver new products, forcing chief executive Ian Shepherd to put the business up for sale and warn investors their shares could be worthless.
05:22 : Game Group shares fall 66pc on supplies crux - SHARES in London-listed Game Group collapsed 66pc yesterday after it admitted being unable to source goods from some suppliers due to its precarious financial position.
Source : independent-ie
03:21 : PRESS DIGEST - Financial Times - March 13 - Potential predators are eyeing the assets of Game Group , as the struggling video games retailer fights for survival. http://link.reuters.com/det96s
Source : reuters-com

Game Group 12/03/2012

10:11 : Game Group seeks buyer and appeals to suppliers in struggle to stay afloat - The retail chain, which employs 10,000 people and has 600 UK stores, is looking for alternative sources of funding and has asked suppliers for more generous trading terms.
09:23 : Game warns investors as shares collapse - Game Group shares, which have already lost more than 95% of their value over the past year, crashed a further 50% this morningGame Group, the computer game retailer that is unable to sell keenly awaited new games including Mass Effect ...
Source : guardian-co-uk

Game Group 09/03/2012

22:20 : Game Group 'has two weeks to turn around its fortunes' - Game Group, the troubled video games retailer, has a fortnight to turn around its fortunes, the chief executive has warned staff, according to a leading industry website.
Source : telegraph-co-uk

Game Group 01/03/2012

11:58 : Game Group loses another 5% as Mass Effect dispute could cost more than ... - Analysts say not stocking forthcoming high profile game could weaken struggling retailer's finances even furtherShares in Game Group have lost another 5% in the wake of Wednesday's news it would not be stocking the forthcoming Mass Effect ...
Source : guardian-co-uk
09:28 : Game Group suffers trading blow as dispute leaves its shelves empty of ... - Shares in the retailer plunged 14 per cent after it put out two statements confirming it could not agree terms with EA to stock the Mass Effect 3 game, widely expected to be one of the biggest selling titles of the year.

Game Group 29/02/2012

15:44 : Game shares crash as it misses out on Mass Effect 3 and Mario Party 9 - Shares in Game Group plunge 20% after it confirms it will not stock the potentially best-selling gamesSpeculation about the future of Game Group is mounting after it emerged that the struggling retailer will not to stock ...
Source : guardian-co-uk

Game Group 03/02/2012

19:10 : Game Group strikes deal with suppliers on bank borrowing - Struggling games retailer given temporary reprieve and cut in lending as banks continue to exert influence, say analystsVideo game suppliers have come to the rescue of struggling retailer Game Group, striking a backroom deal to allow ...
Source : guardian-co-uk

Game Group 11/01/2012

01:59 : Troubled Game Group warns over poor Christmas trading - The chain, the country's largest computer games seller with 610 stores, said there was a ‘likelihood' it would miss profitability targets tied to its £50million debt pile when they are tested by its banks on February 27.
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