Comet owner picks up Game

The owner of Comet has picked up high street retailer Game in a move that saves hundreds of shops from closing and thousands of jobs from being lost. The retailer went into administration last week after struggling with debts and supplier issues and closed 276 stores. But over the weekend OpCapita b

The owner of Comet has picked up high street retailer Game in a move that saves hundreds of shops from closing and thousands of jobs from being lost.

The retailer went into administration last week after struggling with debts and supplier issues and closed 276 stores.

But over the weekend OpCapita bought the chain our of administration leaving the remaining staff happy but suppliers out of pocket to the tune of £40m.

"We strongly believe there is a place on the high street for a video gaming specialist and we have assembled a strong team to implement the programme of operational change needed," said OpCapita's managing director Henry Jackson.

"There is a huge amount to do but we look forward to the challenge of restoring Game's fortunes in partnership with its employees and suppliers."

Mike Jervis, administrator to The GAME Group and PwC partner said that it was pleased to secure a sale: "This means that the GAME brand will not be another one of the retail names disappearing from the high street in the current difficult climate."

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