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GAME confirms intention to enter administration
GAME has confirmed its intention to enter administration. In a statement, the specialist retailer said its efforts to save the company had so far failed. “Further to this morning’s announcement of the suspension of trading in shares of GAME Group plc, the board has concluded that its discussions with all stakeholders and other parties have not made sufficient progress in the time available to offer a realistic prospect for a solvent solution for the business,” the company said. “The board has therefore today filed a notice of intention to appoint an administrator.” GAME will, however, continue to trade in the short term as it seeks to save the business. Read more…
