Mon, 12 Mar 2012 | BUSINESS SALE
Directors of high street video game chain, Game, have put it up for sale in a frantic bid to raise enough funds to keep the company trading.
The retailer, which has 600 stores throughout the UK, has been asking suppliers for more generous trading terms, but has already encountered difficulty sourcing new products from a number of suppliers.
The business, which employs some 10,000 people, must try to find a buyer before the end of the month, when its quarterly rent bill is due.
A company spokesman said that they were currently engaged in “ongoing discussions” with the suppliers of lucrative new releases, having already been denied the right to sell games including Mass Effect 3, Mario Party 9 and Street Fighter X Tekken.
“The board of Game is working actively to resolve these issues as quickly as possible,” the spokesman said. “This includes ongoing discussions with suppliers, seeking access to the original facility or alternative sources of funding, and reviewing the position of all of its assets in the UK and international territories.”
Industry publication MCV has reported that Game’s chief executive, Ian Shepherd, has warned employees to brace themselves for the possibility of administration.
This is a rare opportunity to acquire a leading food manufacturer specialising in South East and East Asian cuisine, with a strong foothold in the UK and European markets, supported by robust supply chains and long-standing customer relationships.
This business opportunity offers a well-established company in South East England that specialises in high-quality insulation and renewable solutions, operating across diverse sectors and supported by strong client relationships and a dedicated manag...
An established specialist provider of air conditioning, EV charging, heating solutions, and solar panels is available for acquisition, offering a comprehensive service package and robust customer base across the UK.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.