THE RETAIL BULLETIN - The home of retail news
Lest we forget
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
OpCapita bids again for Game Group

Private equity firm Opcapita has submitted another bid to acquire parts of the collapsed video games retailer Game Group out of administration according to the Independent.

GENERAL MERCHANDISE

OpCapita bids again for Game Group

Private equity firm Opcapita has submitted another bid to acquire parts of the collapsed video games retailer Game Group out of administration according to the Independent.

The turnaround specialist, which had its initial offer for the group rejected by Game’s lenders last week, is believed to be interested in buying the remaining 333 Game stores.

Game Group went into administration earlier this week after the retailer faced a £21 million rent bill last Sunday.  Administrators PwC have announced the closure of 277 Game shops and made 2,089 staff redundant.

A consortium of existing lenders led by the Royal Bank of Scotland is thought to be continuing to work out a plan to buy a slimmed-down version of the retailer out of administration.

In addition, rival games retailer GameStop is believed to have made a bid to acquire Game's Iberian and Czech Republic businesses.

Game Group’s demise came after a series of profit warnings and refusal
of some suppliers to continue providing new games to the retailer.

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The Retail Design Seminar 2018
The Retail Design Seminar 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Seminar 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
AI in Retail Conference 2019
AI in Retail Conference 2019
18 September 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Retail marketing is changing pace rapidly by making communication across all platforms personalised, relevant, efficient, and helpful. AI not only helps shoppers find a perfect product but also pre-empts the shopping behaviour and speeds up payment.
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
Fix The Dinosaur Roundtable 2018
Fix The Dinosaur Roundtable 2018
19 October 2018
The Euston Suite, The Hallam, 44 Hallam St, London W1W 6JJ
A Masterclass in IBMi Legacy Issues