Administrators at Game Group will close almost half the UK’s 609 stores, leaving 2,104 people without jobs, in what is said to be the biggest collapse since Woolworths in 2008.
The business which has two stores in The Foundry shopping centre, both Game (above) & Game Station, had last week seen its shares suspended "pending clarification of the company's financial position".
The firm said talks with stakeholders and other parties had not made enough progress to offer "a realistic prospect for a solvent solution".
Administrators PricewaterhouseCoopers (PwC) have released a list of the 277 stores that are to be closed with immediate effect. On the list is Scunthorpe which will see the Game Store (above) close with the nearby Game Station remaining open. Nationally the closures will see 2,104 employees being made redundant this week.
Last week, the retailer confirmed that a number of suppliers were refusing to supply it with the latest new titles it needs to generate much need sales, it was also struggling with a massive quarterly rent bill due this weekend. The group, which is headquartered in Basingstoke, has 1,300 stores worldwide, including 600 in the UK making it not only the biggest video games retailer in Britain but the biggest in Europe too.
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