Game shops escape closure

By Rob George 27/03 Updated: 27/03 15:50

Buy photos » GAME in CrownGate has escaped closure. Picture by Nick Hands 1312028NHR

TWO VIDEO games shops in Worcester have escaped closure after their parent company went into administration.

GAME, in CrownGate Shopping Centre, and Gamestation on Broad Street, have not been named among the 277 stores owned by the GAME Group which will close immediately.

Accountancy firm PwC were appointed administrators on Monday (March 26) and have wasted little time in wielding the axe on a large chunk of the ailing retailer's 609 shops, with the loss of more than 2,000 jobs.

The decision not to close the two Worcester stores has safeguarded 17 jobs but PwC still face the task of trying to find a buyer for the remaining chain of shops.

GAME's cash-flow problems had become so dire some suppliers had even refused to stock a number of its shops and the company eventually called in the administrators after it was unable to meet a £21million second-quarter rental payment.

Mike Jervis, joint administrator and partner at PwC said: "Our priority is to continue trading the business as normal while we continue to pursue a sale.

"The recent job losses are regrettable but will place the company in a stronger position while we explore opportunities to conclude a sale. My team and I will be doing all we can to help the affected employees at this difficult time.”

Popular Stories »

1 Exciting vision for Shrub Hill revealed

2 Long prison sentences for city drug dealers

3 Identity of sex offenders revealed

4 Violent Polish rough sleeper deported

5 Students combine studies with running restaurant

More news »

Appeal after bookies robbed at gun-point

A CASHIER was threatened at gun-point during a

City targets top nightspot status

WORCESTER is bidding to join an elite band

Homes evacuated after fire at bookmakers

RESIDENTS were forced to evacuate their homes after

Shoppers rush to check out new Asda

THE WAIT was finally over for shoppers on

Local News »

Regional news »


Stratford Observer
Shipston man escapes jail after unprovoked attack

A SHIPSTON man forced his way into a flat before ...

Bromsgrove Standard
Bromsgrove Police clampdown sees drop in nuisance driving complaints

THE LATEST stage of Bromsgrove Police's Operation Overture to clamp ...

Redditch Standard
Jobs go as Redditch Phones 4u closes

A TOTAL of seven workers face losing their jobs following ...

Evesham Observer
'No' vote welcomed by MPs

THE DECISION by Scottish voters to reject independence has been ...

Other Interests »

Business Directory »

See your advert here »