There is one clear front runner to buy GAME as part of a post-pack administration, sources close to the administrators have told MCV.
GAME is not officially in administration yet. The High Street chain will name Mike Jervis and Stuart Maddison of PWC as their administrators.
According to the Financial Times, the actual administration has been delayed until after the quarterly rent bill is due (Sunday, March 25th). That means PWC won’t have to pick up the retailer’s rent.
The ‘front runner’ for the group is interested in both GAME’s High Street stores and its online elements.
Our sources wouldn’t be drawn on who the front runner is. However, the national press – including The Times and The Telegraph – all say GameStop is the likely bidder for the UK assets. Hilco is reportedly interested in the company’s international stores.
Retail Week says there are ‘five or six’ bidders interested in GAME in total.
You can read more on the rumoured bidders for GAME Group here.