Game Group chain rescued by lenders

Game Group, Britain's biggest independent games retailer, has reached a deal with lenders to stay in business and forecast a smaller-than-estimated annual loss.

3rd February, 2012
Game Group chain rescued by lenders
Ian Shepherd: We’re pleased to reach agreement with our lenders"

Game Group, Britain's biggest independent games retailer, has reached a deal with lenders to stay in business and forecast a smaller-than-estimated annual loss.

Banks led by Royal Bank of Scotland have agreed to a revision of lending provisions that will allow the company to continue operating, Game Group said today in a statement.

Under the amended terms, the company will “operate within lower limits of its existing facilities than was previously available,” according to Game...

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