High street retailer GAME saved by investment firm OpCapita

Rescued from the jaws of defeat

High street retailer GAME saved by investment firm OpCapita
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| GAME news

High street retailer GAME, which went into administration last Monday, has been saved thanks to a last-minute £50 million buyout by turn-around investment company OpCapita.

OpCapita has bought 333 GAME stores around the UK and saved around 3,200 jobs. The investment company will also re-employ several senior head office workers who lost their jobs when the administrators took over.

"We strongly believe there is a place on the high street for a video gaming specialist and we have assembled a strong team to implement the programme of operational change needed," Henry Jackson, OpCapita's managing director, said.

"There is a huge amount to do but we look forward to the challenge of restoring GAME's fortunes in partnership with its employees and suppliers."

GAME's suppliers, which are owed around £40 million, will receive nothing from this deal.

The Telegraph
Anthony Usher
Anthony Usher
Anthony is a Liverpool, UK-based writer who fell in love with gaming while playing Super Mario World on his SNES back in the early '90s. When he isn't busy grooming his beard, you can find him replaying Resident Evil or Final Fantasy VII for the umpteenth time. Aside from gaming, Anthony likes hiking, MMA, and pretending he’s a Viking.