Game ponders overseas sale as profits slump throughout Britain
Struggling Game Group is weighing up plans to sell its overseas outlets in an attempt to shore up its teetering finances.
The retailer has admitted it is in danger of busting borrowing limits and urgently needs to bring in cash.
Three weeks ago, the group – Britain’s largest retailer of computer games with more than 600 stores in the UK and Ireland – disclosed that sales had slumped.
Better days: The popularity of the store has fallen leading to the potential foreign sale
That put it in danger of breaking conditions on its loans when lenders scrutinise the company’s books later this month.
Now, Game Group says it is reviewing the future of its 660 overseas outlets in France, Spain, Scandinavia, Australia and the Czech Republic.
Shares, which have lost more than 90pc of their value in a year, ticked up 0.2p to 5.33p last night.
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