All GAME Australia stores to close

June 19th, 2012, 17:09 Posted By: wraggster

PriceWaterhouseCoopers, administrator for GAME, has today announced that 16 stores are set to close today, with all stores closing soon.
Kate Warwick, administrator at PwC, said: "In the interests of creditors, the 31 remaining GAME stores are to be closed over the coming weeks and a final closing down sale has commenced with discounts of up to 60 percent available in-store and online."

“This is a difficult time for employees and closing the stores was not a decision we made easily. Despite exploring available opportunities for continued trading, the ongoing trading performance and absence of viable offers for the purchase of the business has resulted in these closures."
The second creditor's meeting of GAME is commencing at this moment, and further details should be available in 2-3 hours.

Warwick added: "PwC has been in touch with the Federal Government Department that deals with General Employee Entitlements and Redundancy Scheme (GEERS) and will assist the employees with their applications. "
For a full run down of all events leading up to this point, check the dedicated GAME tab on MCV Pacific.
Our thoughts are with the remaining GAME Staff.
http://www.mcvuk.com/news/read/all-g...o-close/098132

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