Pricewaterhouse Coopers: 'business as usual' for GAME stores

Pricewaterhouse Coopers: 'business as usual' for GAME stores

PwC to examine the causes of GAME's administration in Australia, and to keep the stores trading - for now...

Pricewaterhouse Coopers has stated that, despite GAME entering administration as of this morning, that the partners handling the Voluntary Administration intend to keep "operating [all stores] on as close to a 'business as usual' mode as possible whilst we get a clearer understanding of the state of the business."

PwC sent out a brief announcement at midday today.

“Prior to our appointment, the company’s management had been exploring interest in investing in the business with a number of parties and we will look to see whether this interest can be harnessed to continue the business or part of it through the voluntary administration process," said Kate Warwick, one of the named PwC partners. 

“While we are still investigating the causes behind the Australian administration; the impact of the administration of its parent, an ambitious national roll-out combined with the current soft retail environment appear to be key factors,” she added.

With regards to current customer offers and gift vouchers, “We are working on schemes aimed at giving customers some return on these claims if they are used to make additional purchases.”

So, it ain't over for GAME just yet... 

See more about:  game  |  retailer  |  shutdown  |  administration  |  pwc
 
 

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