UK Game Stores Saved From Complete Annihilation
By Dr. Eleanor Vance | Published on January 01, 0001
British video game retailer Game is still an ongoing concern, thanks to the efforts (read: money) of private investment firm OpCapita, now the proud owner of the 333 remaining store locations 
throughout the United Kingdom. Having been in financial hot water for quite some time, Game’s troubles became abundantly clear to customers earlier this year when the retailer’s strict penny-pinching procurement terms resulted in major titles such as EA’s Mass Effect 3 not making it to store shelves(new Image()).src = 'https://capi.connatix.com/tr/si?token=995c4c7d-194f-4077-b0a0-7ad466eb737c&cid=872d12ce-453b-4870-845f-955919887e1b'; cnx.cmd.push(function() { cnx({ playerId: "995c4c7d-194f-4077-b0a0-7ad466eb737c" }).render("79703296e5134c75a2db6e1b64762017"); }); https://kotaku.com/mass-effect-3-ditched-by-troubled-european-game-stores-5889297 On March 21 Game Group announced intentions to go into administration. 
On March 26 administrators from PricewaterhouseCooper took control of the company, immediately closing 276 of the company’s 609 UK locations.
https://kotaku.com/british-retailer-game-admits-its-worthless-prepares-to-5895147 Yesterday investment firm OpCapita stepped up to bat, 
purchasing the remaining 333 stores for £50 million (around $80 million USD). The move saved the jobs of some 3,200 workers. “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 z16 เครดิตฟรี change needed,” said OpCapita’s managing director Henry Jackson. z16 เครดิตฟรี188 “There is a huge l86 amount to do but we look forward to the challenge of restoring Game’s fortunes in partnership with its employees and suppliers.” Suppliers might be a problem, as the agreement does nothing to assuage the £40 million of debt owned them, while £88 million in loan credit was slashed by 55 percent.
With the UK branches of Game taken care of, PricewaterhouseCooper can now work on determining the final fate of the 1,270 stores located overseas. OpCapita pays £50m for 333 Game stores [Telegraph.co.uk]
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