There’s light at the end of the tunnel for GAME; the retailer has been bought.
Baker Acquisitions, a company backed by electronics retailer Comet owner OpCapita, is the new owner of the 333 stores that are left. Thanks to the sale, 3,100 jobs were also saved.
“We are pleased to have reached agreement with the Administrator,” OpCapita managing partner Henry Jackson said. “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.”
There’s “a huge amount to do,” he adds, but with “a strong team of experienced industry operators” in place, sights are set on implementing the needed “programme of operational change.”
“We look forward to the challenge of restoring GAME’s fortunes in partnership with its employees and suppliers.”
Before the sale, 277 GAME and GameStation stores were closed, with 2,104 jobs lost.