Posts tagged with "Game Group"

Game Group Plc Delisted From London Stock Exchange

Game Group Plc Delisted From London Stock Exchange
GAME Group PLC has issued a press release today regarding the state of the company, in which it states that they have requested to be delisted from the London Stock Exchange as of 7:30 am today. Apparently the reason for this move is that the board believes there is no value left in the group. The full statement can be read below: “Further to the announcements of 12 March 2012 and 14 March 2012, the board of GAME has assessed the status of the... 

GAME stores set to close while OpCapita’s bid breaks down

GAME stores set to close while OpCapita’s bid breaks down
A few days ago it looked like there was hope for GAME Group after OpCapita offered to buy GAME. The news also helped boost its share price, which currently stands at 3.07p, after having started the week at an all time low of 0.5p, However, according to The Guardian, OpCapita’s deal, “appears to have been given the cold shoulder by lenders.” Amid this, GAME has already started sending out letters to customers warning them of store closures.... 

OpCapita Offering to Buy GAME

OpCapita Offering to Buy GAME
Like Zelda’s vision of a boy with a fairy coming from the forest, there is hope on the horizon for the UK specialist games retailer, following reports that OpCapita has made a buyout offer for GAME Group. Once again reported by The Times and later confirmed by MCV, OpCapita, the parent company which owns Comet, has made a complete buyout offer for the group. This buyout offer includes repaying all of the groups suppliers. This includes Sony who,... 

GAME Group Issues Statement After Reports Suggest it is “for sale”

GAME Group Issues Statement After Reports Suggest it is “for sale”
The Times this morning reported that GAME Group is now “for sale.” This has prompted them to issue a statement regarding the recent industry speculation that, since they could not secure key EA, Ubisoft and Nintendo titles earlier this month and following reports that staff were given two weeks to brace for administration, the chain is now facing administration in the very near future. The statement discusses the company’s issues securing... 

GAME to brace itself for administration

GAME to brace itself for administration
GAME Group is now believed to be on the cusp of administration, after the company’s CEO Ian Shepherd informed senior staff that they have just two weeks to turn its fortunes around. GAME Group, which owns both GAME and Gamestation, started a fire sale of pre-owned stock yesterday to help keep them afloat. Advertised as a “Spring Clean” some games have seen huge discounts and are marked down as low as 98p. A reduction on pre-owned consoles began... 

GAME and Gamestation Not Stocking Mass Effect 3 or Mario Party 9

GAME and Gamestation Not Stocking Mass Effect 3 or Mario Party 9
It has been discovered today that retail chain GAME Group (comprising of GAME and Gamestation) will not be stocking the highly anticipated Mass Effect 3 at launch, or any other EA titles released in March after SSX. Following a year of bad news for the chain, plagued by credit issues that recently prevented them from stocking Ubisoft‘s Playstation Vita launch titles, Tekken 3D and Nintendo‘s The Last Story, the stores have now cancelled... 

Videogames are not just for Christmas

Videogames are not just for Christmas
It’s that time of year when commercial breaks are made up of ads for perfume and stand-up comedy DVD’s, people flock to shopping centres like extras out of Dawn of the Dead, and videogame publishers release their big budget titles. Since Christmas tends to start earlier and earlier you’d think it was bi-annual, as shops tend to hang their decorations up before Halloween in an effort to put people ‘in the mood’. When it comes to videogames,... 
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