Game’s Oxford Street store faces closure
UK retailer Game's flagship store on London's Oxford Street is facing imminent closure after a court gave its landlord the right to call in the bailiffs.
Game was due to pay £100,000 in advance rent to its landlord, Lazari GP, the day before the nation's largest videogame retailer went into administration in March. It was later rescued by Baker Acquisitions, a company set up by private equity firm OpCapita that was later renamed Game Retail (UK).
PWC, the retailer's administrator, had refused to pay the bill because it only assumed control of the company the day after the rent fell due. However, The Telegraph reports that a court order, issued last Friday, gives Lazari the right to send in the bailiffs, change the locks and admit a new tenant, forcing Game to stop trading on the premises.
Elsewhere, Game's Australian operation – which was not included in the OpCapita rescue deal – has slipped into administration. VG247 reports that the more than 90 Game stores are to remain trading as usual during the administration process, which will again be handled by PWC.