New owner confirms their won’t be any more store closures, saving 3,200 jobs.
Over the weekend OpCapita has purchased GAME, bringing the struggling retailer out of administration.
The acquisition will keep 333 stores open across the UK, securing 3,200 jobs. OpCapita has a habit of purchasing struggling retailers with Comet also owned by the private investment firm.
“We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a £2.8 billion market in the UK,” commented Henry Jackson, MD of OpCapita to gamesindustry.biz.
“We have assembled a strong team of experienced industry operators to implement the programme of operational change that is needed. There is a huge amount to do but we look forward to the challenge of restoring GAME’s fortunes in partnership with its employees and suppliers.”
The next challenge for GAME will be winning back the trust of games publishers like EA, Activision and Ubisoft who refused to do business with the specialist retailer after their financial woes became apparent.
Nevertheless we’re glad another well known games retailer won’t be disapearing from the high street.
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