Game has been rescued out of administration by investment firm OpCapita, which bought electricals retailer Comet for £2 earlier this year. The assets of collapsed game, including 333 stores, will transfer to Baker Acquisitions Ltd, an OpCapita vehicle. The deal saves the jobs of nearly 3,200 Game employees, and will seek to reemploy a small number of head office staff. Game appointed PricewaterhouseCoopers as administrator on 26th March. The administrators immediately announced the closure of 277 stores in the UK and Ireland, shedding 2,074 jobs. Commenting on the acquisition, OpCapita’s managing partner Henry Jackson said “we strongly believe there is a place on the high street for a video gaming specialist” and in order to turn Game’s fortunes around, a strong team has been assembled “to implement the programme of operational change that is needed”.
Apparel brand Aquascutum has been put up for sale by its owner Harold Tillman, reports The Mail.
Zulily, the US-based daily deals site for mums, officially launched in the UK this morning. At its UK helm is Kristine Kirby, formerly ecommerce and multichannel marketing director at Monsoon Accessorize.
The Sunday Sun reports of a legal spat between Sports Direct owner Mike Ashley and a couple who’ve been trading under the name of Sport Direct.
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