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GAME only has two weeks to turn itself around, or face possible administration

GAME "has two weeks to turn its fortunes around"

| Business, Financial & Legal News | Posted: Mar 12, 2012 5:26 pm

It seems game-related retailer, GAME, is having some issues, and according to a new report "has two weeks to turn its fortune around". Senior members of the GAME management have been told that administration is possible. GAME only launched a Spring Clean promotion today, offering games, hardware and accessories at heavily discounted prices.

 

TweakTown image news/2/2/22956_06_game_only_has_two_weeks_to_turn_itself_around_or_face_possible_administration.jpg

 

This is said to be in an effort to keep the company afloat, but is it enough to save them? The bigger problem is GAME has issues sourcing the latest games of late, including the biggest game of 2012 so far: Mass Effect 3. This is said to have cost GAME a huge £2.5 million in lost profit.

 

It's also rumored that US-based GameStop wants to buy GAME's shops in both Spain and Portugal. Something else rumored is that GAME put its 663 stores that are based overseas up for sale by appointing advisers at Rothschild in January.

NEWS SOURCES
Eurogamer.net, Mcvuk.com

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