howden Posted March 30, 2012 Share Posted March 30, 2012 It's part of the same group, hence both sets of stores shutting down. Gamestation was bought by Game.[/quote yea they are both game shops but still completly different shops game station hasnt closed dont know why everyone is worrying yet im sure notice will be given if they all close Here is a list of closures updated just yesterday. Game and Gamestation http://www.mcvuk.com/news/read/store-closures-begin-at-game-and-gamestation/093365 Link to comment Share on other sites More sharing options...
markjeffs Posted March 30, 2012 Share Posted March 30, 2012 Mark, if the staff did not know then they have been burying their heads in the sand. I feel sorry for them losing their jobs, but they can't claim it to be a surprise, as it has been all over the games industry web sites and in the game industry trade paper (MCV) for weeks. Even Wikipedia had the basic details. (see below). Financial problems and administration One of 277 Game stores closed by administrators on 26 March 2012.On 29 February 2012 it was announced that both Game and Gamestation would no longer stock new titles from Electronic Arts. This was due to the major games distributor limiting Game's credit terms.[19] This affected the pre-orders of Mass Effect 3, due out the following week.[20] On 5 March 2012 it was announced that Game and Gamestation stores would not be stocking titles by Capcom. The first title affected by the move was Street Fighter X Tekken. Customers who pre-ordered the special edition from either store are being refunded.[21] On 8 March 2012 it was reported that both Game and Gamestation were heavily discounting stock in an attempt to minimise any debts ahead of administration. [22] On 14 March it was announced that OpCapita had made a bid for the company. The business had been in talks with Games lenders with the aim of buying its debt and settling its bills with suppliers in full.[23] The offer was rejected by Game's lenders. [24] On 15 March it was announced that Microsoft and Activision have ceased to supply their products to Game.[25] On 19 March 2012, the company's shares were suspended from The London Stock exchange at its own request.[26] On 21 March 2012 Game's board of directors announced their intention to place the company in to administration.[27] On 26 March 2012, Game went into administration with PricewaterhouseCoopers and Ian Shepard stepped down as CEO. No administator was appointed for stores in Ireland & redundancies were only offered to UK staff, resulting in a continuing protest from Irish staff. 277 stores were closed immediately, resulting in 2,104 job losses.[28][29] Yes, she did know there was problems BUT upto the closure they were told not to worry as there was a buy out in the pipeline and everyone would be ok. Typical management bull. On another note apparently there was 8 staff arrested for theft on teh day of closure ( country wide not just in sheffield) Link to comment Share on other sites More sharing options...
Grappler Posted March 30, 2012 Share Posted March 30, 2012 Yes, she did know there was problems BUT upto the closure they were told not to worry as there was a buy out in the pipeline and everyone would be ok. Typical management bull. On another note apparently there was 8 staff arrested for theft on teh day of closure ( country wide not just in sheffield) There were a few companies interested in buying what was left for a cut down price, but I think most of them have pulled out, need to check that. Link to comment Share on other sites More sharing options...
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