Game (retailer) - Wikipedia, the free encyclopedia. Game Digital plc (formerly The Game Group plc[2]; usually known by its high street name Game and stylised as GAME) is a British video games retail company. The company's origins lie in the founding of the Rhino Group by Terry Norris and Bev Ripley in 1. A number of mergers and acquisitions followed during the 1. Electronics Boutique Limited, which rebranded itself as The Game Group. The company continued to expand during the 2.
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Gameswizards in Australia. In March 2. 01. 2, several suppliers, including Nintendo, Electronic Arts and Capcom refused to supply their latest products due to concerns over Game's creditworthiness.[3][4] Game subsequently entered administration on 2. March 2. 01. 2,[5] and was purchased by Op. Capita the following week.[6] Baker Acquisitions was subsequently renamed Game Retail Ltd.[7]The company operated in the United Kingdom under the Game and Gamestation brands from the acquisition of the latter in May 2. Game brand. History[edit]Formation[edit]The company that went on to become Game was founded by Bev Ripley and Terry Norris as Rhino Group in 1. Future Zone. A year earlier in 1.
Game, was founded by Peter Wickins and Neil Taylor.[9] Rhino Group acquired Virgin Games Stores from W H Smith in 1. In 1. 99. 5, the gaming retailer Electronics Boutique acquired 2. Rhino Group, the name of which was changed to Electronics Boutique Limited under license from the US business, and John Steinbrecher was sent from the USA to manage the chain.[1. The name of the retail outlets were also renamed from "Future Zone" to "Electronics Boutique".
In 1. 99. 9, Electronics Boutique Limited purchased a chain of retail outlets known as Game, from which the current name of the company was derived, for ВЈ9. At the time of the takeover Game had 8.
Electronics Boutique Limited went on to purchase the Barrys. World online gaming service in 2. French retailer Score. Games in 2. 00. 1,[1.
Spanish retailer Centro Mail also in 2. In 2. 00. 2, Electronics Boutique stores in the UK and Ireland were rebranded as Game, and the company name was changed to The Game Group. Despite the name change, a 1% sales royalty to Electronics Boutique in the United States continued to be paid until January 2. Attempts to have this overturned in court in 2. In July 2. 00. 4, the Game group acquired Gameplay (GB) Limited, an online and mail order retailer of video games, computer software and associated products.[1. Gameplay (GB) Ltd started trading as Game.
UK.[1. 8]In September 2. Game acquired Australian speciality video games retailer Gameswizards for A$3.
Gameswizards outlets as Game stores.[1. Under the ownership of Game, the company followed the aggressive growth strategy of its UK parent and by 2. The growth continued to 1. Management changes in 2. In May 2. 00. 7, the company announced the acquisition of rival UK specialist video game chain Gamestation for ВЈ7.
The company stated that they intended to retain the brand.[2. On 2. 1 April 2. 01. Lisa Morgan stepped down as CEO, to be replaced by Chris Bell as interim CEO.[2. On 1. 7 June 2. 01. Ian Shepherd had been appointed as CEO, and took up the position on 2. June.[2. 2]Financial problems[edit]On 2.
February 2. 01. 2 it was announced that both Game and Gamestation would no longer stock new titles from Electronic Arts. This was due to the major games distributor limiting Game's credit terms.[2.
This affected the pre- orders of Mass Effect 3, due out the following week.[2. On 5 March 2. 01. Game and Gamestation stores would not be stocking titles by Capcom. The first title affected by the move was Street Fighter X Tekken.
Customers who pre- ordered the special edition from either store were refunded.[2. In early March 2. Game and Gamestation began heavily discounting stock in an attempt to bring in cash ahead of administration.[2.
On 1. 4 March 2. 01. Op. Capita made an unsuccessful bid for the company. The business had been in talks with Game's lenders with the aim of buying its debt and settling its bills with suppliers in full.[2. The offer was rejected by Game's lenders.[2. Microsoft and Activision ceased the supply of their products to Game on 1. March.[2. 9] On 1.
March, the company's shares were suspended from the London Stock Exchange at its own request.[3. Administration[edit]The company entered administration on 2. March 2. 01. 2, with Pricewaterhouse. Coopers appointed and Ian Shepherd stepping down as CEO. No administrator was appointed for the stores in Ireland and redundancies were only offered to UK staff, resulting in a continuing protest from Irish staff. Game's 6. 09 UK stores were closed immediately, resulting in 2,1.
On 3. 1 March 2. 01. Game Group was purchased out of administration by Op. Capita.[6] David Hamid was announced as the new executive chairman of Game.[3. On 1. 4 May 2. 01. TGW Pty Ltd, trading as Game Australia announced it would also enter administration.[3.
On 2. 5 May 2. 01. Pricewaterhouse Coopers, the administrators of Game Australia made 2.
An expected further round of redundancies and closures[3. June 2. 01. 2 when the administrators announced that 1. Game Australia.[3.
Game's Scandinavian operations were purchased by Nordic Games at the end of May 2. Nordic Games purchased 5. Sweden and 1. 1 in Norway) and Game's Scandinavian website, and also have a licensing deal that allows continued use of the Game brand.[3.
Public listing[edit]In May 2. London Stock Exchange.[3.
The initial public offering took place in June 2. Operations[edit]As of 2 April 2. Game has 3. 28 stores in the United Kingdom.[4. Stores traded under the Game and Gamestation brands until the latter was replaced by Game from November 2. Stores sell games for all major video game platforms. Games are also sold under a 'preowned' label, where a customer has returned a used game for cash or credit.
The company also operates a transactional website, Game. References[edit]^ abc"Annual Report 2. PDF). Game. Retrieved 2. March 2. 01. 5. ^"The GAME Group plc". Answers. com. Retrieved 2.
March 2. 01. 5. ^James Thompson (1. March 2. 01. 2). "Game on the brink after it says shares may have no value – Business News – Business". The Independent (London). Retrieved 2. 1 March 2.
Game Group hit as some suppliers refuse to do business". BBC News. 1. 3 March 2. Retrieved 2. 1 March 2. Pricewaterhouse. Coopers Media Centre – The GAME Group plc, Game Stores Group Limited, Gameplay (GB) Limited, Game (Stores) Limited, Games Station Limited, Game (retail) Limited, Gamestation Limited – in administration". Pricewaterhouse. Coopers. March 2. 01. 2. Retrieved 1. June 2. 01. 2. ^ ab"Investment capital firm set to rescue Game".
BBC News. 3. 1 March 2. Retrieved 2. 9 March 2. Katherine Rushton (1. May 2. 01. 2). "Game's flagship store threatened with closure".
Daily Telegraph. Retrieved 2. March 2. 01. 3. ^City File: Bev Ripley The Independent, 1. October 1. 99. 2^ ab. Barrie, Chris (1. April 1. 99. 0). "Software retailer raises its Game with takeover". The Guardian (London). Retrieved 1 April 2.
Our History". Game Group plc. Archived from the original on 3 April 2. Retrieved 1 April 2. Good at Games The Independent, 1.
June 2. 00. 9^"Electronic Boutique". The Guardian (London). December 1. 99. 9. Retrieved 2. 1 March 2. Loney, Matt (2. 7 February 2. Electronic Boutique buys Barrys. World". News. zdnet.
Retrieved 2. 1 March 2. Electronics Boutique in French buy". This is Money. 7 October 2. Retrieved 2. 1 March 2. Gameplay". UK Business Park.
Retrieved 2. 1 March 2. Game loses EB royalty case". The Register. 2. 8 February 2. GAME to close Gameplay. MCV. 2. 2 February 2. Retrieved 2. 0 November 2.
Gameplay (GB) Ltd. Game. co. uk (Copyright notice)". Game. co. uk. Retrieved 2. March 2. 01. 2. ^Ramsay, Randolph (2. September 2. 00. 6). Games Wizards sold to UK company". Cnet. com. au. Retrieved 2.
March 2. 01. 2. ^Rob Burman (2 May 2. Game buys Game. Station for ВЈ7. IGN. Retrieved 2. November 2. 01. 2. ^Wearden, Graeme (2. April 2. 01. 0). "Game Group chief executive Lisa Morgan departs".
The Guardian. ^James Davey (1. June 2. 01. 0). "Game warns on profit, names new CEO".
Reuters. Retrieved 2. November 2. 01. 2. ^"Game falls out with EA".
The Daily Telegraph (London). Retrieved 2. 1 March 2. Mass Effect 3". GAME. Retrieved 2. 1 March 2. Dring, Christopher (1. March 2. 01. 2). "GAME not stocking Street Fighter X Tekken and Asura's Wrath | Games industry MCV".
Mcvuk. com. Retrieved 2. March 2. 01. 2. ^Yin, Wesley (7 March 2. GAME and Gamestation having a "firesale" on pre- owned stock • News •". Eurogamer. net. Retrieved 2. March 2. 01. 2. ^Wood, Zoe (1.
March 2. 01. 2). "Game in talks over possible rescue deal". The Guardian (London). Retrieved 1. 5 March 2. Parfitt, Ben (1. 6 March 2.
Lenders shun Op. Capita's GAME rescue bid | Games industry MCV". Mcvuk. com. Retrieved 2.
March 2. 01. 2. ^Chalk, Andy (1. March 2. 01. 2). "GAME Loses Microsoft and Activision, But Sony Sticks Around".
The Escapist. Retrieved 1. March 2. 01. 2. ^French, Michael (1. March 2. 01. 2). "GAME Group delisted from London Stock Exchange | Games industry MCV". Mcvuk. com. Retrieved 2. March 2. 01. 2. ^"Game Group goes into administration, closing 2. BBC News. 2. 6 March 2. Game workers in Ireland continue protests in pursuit of redundancy entitlements".
RTÉ News. 2. 8 March 2. Ben Parfitt (1 April 2. David Hamid becomes new GAME exec chairman". MCV. Retrieved 2. November 2. 01. 2. ^"GAME Australia Goes Into Administration – The. Gamers. Pad". Thegamerspad. May 2. 01. 2. Retrieved 1.
June 2. 01. 2. ^"GAME Australia lay- offs begin, 6. VG2. 47. 2. 5 May 2. Retrieved 1. 9 June 2. Hillier, Brenna (1. June 2. 01. 2). "All GAME Australia outlets to close".
Retrieved 1. 9 June 2. GAME Australia enters liquidation". MCV UK. Retrieved 2. March 2. 01. 5. ^Tweet (3.
May 2. 01. 2). "Publisher Nordic Games buys GAME's Scandinavian business | Games. Industry International". Gamesindustry. biz. Retrieved 1. 9 June 2. Rose, Mike (1. 9 May 2. UK retailer Game files for $6.
IPO". Gamasutra. Retrieved 3 June 2. Game Retail prices IPO at bottom of range".