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UK's Game Group opens stores under new owners after weekend deal - Washington Post

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UK's Game Group opens stores under new owners after weekend deal - Washington Post
Apr 2nd 2012, 12:40

PwC had closed 277 U.K. Game stores last week, and OpCapita says it has no plans to close any more.

Game, burdened with 100 million pounds ($160 million) in debt, suspended trading in its shares on March 21 and put itself into administration, a British type of bankruptcy protection.

OpCapita and PwC say the sale saved the jobs of nearly 3,200 people in the Game's U.K. organization, out of 5,800 employed before administration.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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