Is GAME on Borrowed Time and Possibly Facing Administration?
Written Friday, March 09, 2012 By Richard WalkerView author's profile
If the sight of 'Spring Clean' fire sales and so-called "supply issues" surrounding certain EA and Capcom titles, including Mass Effect 3 and Street Fighter X Tekken weren't enough to set alarm bells ringing surrounding the future of GAME and Gamestation, then reports of GAME Group facing the possibility of administration will certainly set them off.
Senior staff have apparently been told to brace for a potential, looming D-day for GAME, with CEO Ian Shepherd saying that the UK retail chain has approximately two weeks in which to turn around the company's ailing fortunes. For now, the only hope for the survival of the high street store is a possible buyout from US games retailer, GameStop, who have apparently expressed interest in a deal.
According to MCV, GAME is preparing for the worst, readying for a move into administration should the fire sale measures fail to buy time, with a "pre-package acquisition" on the cards should a buyout go forward. Whatever happens however, things aren't looking too good for GAME right now.
In response to this story, a GAME spokesperson told MCV that it does not comment on rumour or speculation.