GAME Group's latest trading statement has revealed that it plans to open up to 60 new stores for the Christmas trading period, with the majority of the new outlets pencilled in for its international business.
The statement continues: As part of our International growth strategy we are continuing to buy-in or close existing franchises. To this end, we have today completed the purchase of five of the remaining seven French franchise stores for a cost of €1.8m (1.43m). These stores will now be operated as part of our core business and gives us a total of 181 stores in France.”
Our capital expenditure for the year, excluding acquisitions, is estimated to be around 42m.”