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GAME looking at buying HMV stores?

GAME have approached HMV’s administrators inquiring about purchasing selected HMV stores.

Digital Spy are reporting that GAME Retail CEO Martyn Gibbs has confirmed to The Financial Times that they have contacted Deloitte, however he refused to confirm how many stores they are interested in.

 

“We will constantly review our property portfolio based on what is available. I would not rule out any stores that are becoming available, be that through an administration or normal property deals.”

 

It is believed that they are targeting up to 45 stores,  in locations where GAME do not currently have a presence. Of course, GAME itself entered administration last March, resulting in 277 stores closing and 40% of staff losing their jobs, only staying in business when they were bought by retail group OpCapita.

 

Source: Digital Spy

 

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