Game Group PLC declare administration :(

Xoil

Xoil

Well-known member
This be a sad day :(

"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 board has therefore today filed a notice of intention to appoint an administrator.
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http://www.gamegroup.plc.uk/gmg_plc/investors/news/2012pr/2012-03-21a/

http://www.pcgamer.com/2012/03/21/game-delisted-from-stock-exchange-files-for-administration/
 
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Willow78

Bronze Level Poster
My local Game store has been shut, I know a friend who works at Gamestation down south who's store is staying open. You feel sorry for all the staff who loose the jobs, I've noticed quite a few people have been harsh to Game on forums and such.
 
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El Wayneo

Silver Level Poster
277 closed, 333 staying open for the time being.

Yeah feel bad for the employees, GAME refusing to pay redundancy as well.
 
DeadEyeDuk

DeadEyeDuk

Superhero Level Poster
Simple fact is they tried to go big internationally before they were really stable and secure here. It is a shame for the staff, but its like any business at present, these things happen.
 
Xoil

Xoil

Well-known member
Their administrators are closing stuff with them to pay it and try to keep the company alive. Game posted this on facebook.

Dear GAME customers,

Here’s some important news about us. GAME Group plc (the parent company of GAME in the UK) is now in administration. We want you to know that the Administrators aim at this time is to continue trading while they seek to find a new owner for the business.

In the meantime, we’ve had to make some changes. We’ve summarised them below. Some of them are temporary, some are permanent.

1.Online Sales: We expect some disruption to our online services over the next few days while we make some changes. We apologise for the inconvenience this causes.
2.Refunds and Exchanges: Until further notice, we will not be able to offer refunds or exchanges, unless your item is faulty or not fit for purpose. Your statutory rights will not be affected and we will be able to deal with your refund/exchange accordingly.
3.Pre-Orders: No new pre-orders can be taken until further notice. No refunds can be given for any pre-order deposits which have been paid. We are reviewing this over the next week.
4.GAME Reward card: We have had to suspended use of GAME Reward Cards. This means that points can be earned but NOT redeemed until further notice.
5.Gift cards: We have also had to suspend GAME gift cards. The value on these cards cannot be redeemed. If this changes, we will let you know. We apologise for the inconvenience this causes.
6.GAMEWallet: the value stored in GAMEwallet accounts will be suspended until further notice following the appointment of administrators.
7.Pre-owned Software: You can still buy pre owned products at great prices in your local store or online. If you trade in a pre-owned software item then you will still be able to accrue reward points and use your trade in to exchange for another item. You will not be able to trade in pre-owned software for cash. If this changes, we will let you know. We apologise for the inconvenience this causes.
8.Pre-owned Hardware: We have had to suspend trade in for pre-owned hardware at this time. If this changes, we will let you know. We apologise for the inconvenience this causes.
9.Click and Collect titles: We have had to suspend this service. We apologise for any inconvenience this causes.

MJA Jervis and SD Maddison have been appointed as Joint Administrators of The GAME Group plc, Game Stores Group Limited, Gameplay (GB) Limited, Game (Stores) Limited, Games Station Limited, Game (Retail) Limited and Gamestation Limited on 26 March 2012 to manage their affairs, business and property as their agents and without personal liability. MJA Jervis and SD Maddison are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

If you have any questions please feel free to email us at: [email protected]
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Sie

Sie

Gold Level Poster
the town I live in had a GAME, Game station and a Granger game, but before Christmas GAME close, and 2 days ago Game station did the same...real shame to be honest
 
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