Game goes titsup in Australia
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Competition from online retailers has claimed another casualty in the high street with the demise of the australian incarnation of chain store retailer, Game.
PricewaterhouseCoopers was yesterday appointed voluntary administrator of the UK-owned gaming company, which has over 500 Australian employees and 92 stores nationally.
The UK parent Game Group suffered a similar fate last month when PWC was appointed as administrator and negotiated a trade sale of the UK business to Baker Acquisitions Ltd, an entity overseen by OpCapita, for an undisclosed sum.
In the UK, PwC shuttered 277 of Game's stores but the new owners had assured staff that the remaining 333 UK stores would remain open and fully staffed. Kate Warwick and Greg Hall of PricewaterhouseCoopers will control and manage the Australian entity and continue trading all of the company’s 92 stores, operating these on as close to a 'business as usual' basis as possible.
The administrators informed creditors, staff and customers that they are currently getting a “clearer understanding of the current state of the business”.
Two creditors meetings have been set, one on 23 May, and if no resolution has been made in terms of a sale or other option the other is scheduled for 19 June.
The company is intending on honouring certain advance orders placed on the Diablo III and Max Payne new releases but will refund customer deposits. Existing gift cards, gift vouchers and credit notes for most of the products will be honoured at this point but can only be used for 25 per cent of the total purchase price.®
COMMENTS
Englican or Ameriglish?
"...meetings have been set, one in the 23rd of May ... the other is scheduled for June 19..."
Blimey, Reg! –Can you make up your mind one way or t'other, whether you're an English or a 'Merkin rag. It's annoying enough having an article with 'centre', 'colour' and '£££' sitting cheek by jowl on the same page as one with 'center', 'color' and '$$$', but now we seem to be getting both dialects mixed in the same sentence!
V3
I have the same curiosity as to why people pre-order new hardware. I work on the assumption that:
Version 1 —of anything will be full of bugs and missing elementary features, because the engineering bods had to rush it out to meet the impossible launch date, trumpeted to the press by marketing departments and CEOs
Version 2 —Will squish most of the existing V1 bugs and add the missing features. However the new stuff will now be full of bugs, as it was rushed out to meet the deadline trumpeted to the press by marketing departments and CEOs, boasting about the new features.
Version 3 —Will be pretty good, as the engineers will finally have had time to fix everything. The press and public will howl with derision, because there are no new features.
That's the version I usually buy.
"The company is intending on honouring certain pre-orders placed on the Diablo III and Max Payne new releases but will refund customer deposits"
strange... according to other gaming news sites, the GAME stores that didn't receive copies of the games didn't deliver the games nor are they going to refund the pre-order deposits!
although, Diablo III developer have decided to help out the gamers who lost their pre-orders as well as their deposits ( source ). The developer have promised to re-fund the "deposit" amount placed on the pre-order, if the gamer buy the digital copy of the game and still have the receipt slip of the deposit placed.
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