Deathwatch: Game puts itself up for sale
It’s been no secret that things have been going mightily wrong for Game Group lately, and the latest development is that the company is putting itself up for sale, as it struggles to raise cash to pay a quarterly rent bill that is due in a fortnight. Uh oh.
If the rent bill doesn’t get paid, the company, which owns Game and Gamestation, could slide into administration. The company has launched a sale of pre-owned hardware and software over the past few days, which some referred to as a ‘firesale’, although a ‘raise-quick-cash-to-pay-the-landlord-sale’ might be more apt.
The company has also recently had problems with suppliers, leading to them announcing that they won't be stocking certain big titles in their 600 UK stores. Watch this space….