It looks like the high street may be one less brand name as Game Group, owner of Game, suspended share trading. Having failed to gain support from backers for what it called "a realistic prospect for a solvent solution" the Group looks certain to go into administration.
The troubled chain has seen its fortunes decline since 2008 when a successful acquisition of rival chain GameStation in 2007 for £75 million was followed by years of decline. In 2011 the Group reported a net loss of £15.7 million.
On top of a declining trade in hard copy games the chain has also been hit hard by online stores. In February Game Group announced it would no longer be stocking titles by EA, the world’s largest games publisher after distributors refused to renegotiate a new deal with the retailer. This month a similar announcement was made about titles by Capcom.
Game operates 1,275 stores worldwide.
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