Gamasutra: The Art & Business of Making Gamesspacer
arrowPress Releases
April 24, 2014
PR Newswire
View All

If you enjoy reading this site, you might also want to check out these UBM TechWeb sites:

Struggling Game Group stores bought by OpCapita
Struggling Game Group stores bought by OpCapita
April 2, 2012 | By Mike Rose

April 2, 2012 | By Mike Rose
More: Console/PC, Business/Marketing

Struggling UK retailer Game Group has found a buyer for its 333 stores after going into administration last month, saving over 3,000 jobs at the company.

The buyout ends a rough couple of months for Game, which first saw big-name publishers such as Electronic Arts revealing that they would not be supplying the chain with high-profile games at launch, due to the company's credit issues.

Game was then forced to enter administration after it could not raise enough to pay rent and wage bills. Soon afterwards, the company's CEO Ian Shepherd left amid the turmoil.

Private investment firm OpCapita has now bought all of Game's 333 stores, according to the BBC, and is also planning to re-employ some of the staff who were previously made redundant as part of the recent troubles.

OpCapita has set up a new company called Baker Acquisitions to buy all the Game shops, although the exact financial terms of the agreement have not yet been disclosed. The company has also not yet revealed how it plans to tackle the credit issues of these stores.

Henry Jackson, managing partner at OpCapita, explained, "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 ($4.5 million) market in the UK."

Related Jobs

2K — Novato, California, United States

Senior Tools Programmer
SG North
SG North — Toronto, Ontario, Canada

Director of Live Production
Turbine Inc.
Turbine Inc. — Needham, Massachusetts, United States

Director, Analytics Platform Development
Linden Lab
Linden Lab — San Francisco, California, United States

Sr. Front-end Web Developer


Rajveer Kothari
profile image
Good to know jobs were saved!