According to the Financial Times (via EG) GAME are looking to buy up to 45 HMV stores. The report says that GAME’s boss Martyn Gibbs (and not OpCapita) has approached HVM’s administrators Deloitte with respect to picking up HMV stores where there currently isn’t a GAME store.
“We will constantly review our property portfolio based on what is available,” said Gibbs. “I would not rule out any stores becoming available, be that through an administration or normal property deals.”
Last year GAME went into administration and countless stores were closed and even more staff lost their jobs. To hear that the company, which was rescued by OpCapita, is looking to open more stores must be gutting for those still left reeling from the GAME fallout.
GAME has tried to change its ways, with decent sales on newish titles, more focus on digital downloads and plenty of pre-release playtime for those dedicated enough to be up at all hours.
HMV’s administrators Deloitte says they have received around 50 expressions of interest, aside from GAME, showing that there’s a lot of people keen on the big name high street brand. Meanwhile, HMV itself still thinks it will survive administration and is hopeful a buyer is just around the corner.