In the space of a few weeks, we’ve witnessed the sudden crash and burn of the UK’s largest games retailer. We’ve seen thousands of people lose their jobs and hundreds of stores closed thanks to the GAME Group company declaring bankruptcy. Now, mere days after this rapid decline, a private investment company called OpCapita has managed to sell UK-based GAME stores to Baker Acquisitions Limited.
This is good news for the 333 stores and nearly 3200 GAME employees across the UK who have just had their jobs secured. As for the more than 2000 redundancies that occurred last week, BAL is under no obligation to re-hire them. No further store closures are expected.
Developers and publishers will surely be breathing a sigh of relief; many people underestimate the effect a physical, high-street presence makes in raising awareness of gaming franchises. The UK games industry is currently a £2.8 billion market; a figure that would have diminished without a game specialist retailer. Currently, GAME stores outside of the UK remain up for sale.
Source: MCV UK