In what would complete one of retail’s most impressive turnarounds, GAME is said to be lining up a possible return to the stock markets.
The Telegraph reports that OpCapita owner Henry Jackson and Game Retail boss Martyn Gibbs are currently pondering the £200m move that would see Jackson and his team of American investors exiting the company.
Sources say Jackson had always intended to exit the business once the console transition was complete. Game Retail currently owes OpCapita around £103m.
GAME’s solid performance over the last 12 months and an expected significant revenue boost from the arrival of next-gen consoles is said to be the catalyst for the plans.
Profits of £40m are expected for the current financial year, up from the £15m posted the year before.
Gibbs is apparently the man who will ultimately make the decision.