It isn’t the end for British retailer GAME. The remaining 333 GAME stores located in the United Kingdom have been purchased by Baker Acquisitions, meaning that roughly 3,200 employees will remain employed and able to properly pester British game buyers into pre-order something for the forseeable future. Baker’s acquisition of GAME’s UK-based stores has also pulled the retailer out of adminstration (the British equaivalent to bankruptcy).
Henry Jackson, Managing Partner of Baker parent company OpCapita said, “We are pleased to have reached agreement with the Administrator. We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a £2.8 billion market in the UK. We have assembled a strong team of experienced industry operators to implement the programme of operational change that is needed. 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.”
The fate of the GAME stores throughout mainland Europe is still up in the air, but unless they find a similar white knight, they’re likely looking at closure.