Tag Archives: Martyn Gibbs

GAME has paid off paid private investment firm OpCapita and its backers £3.2 million in interest and “monitoring fees” toward the £103 million it owes the firm after brokered a deal to get the retailer out of administration. The figure was paid towards the balance in four months and the remaining balance will have 7.5% interest rate attached. GAME boss Martyn Gibbs told The Guardian the chain is expected to make £20 million in profit for the period ending July 31, and it plans to open 18 new stores during that time. Thanks, MCV.

Game is on track to make £20 million in pre-tax earnings for the current financial year, CEO Martyn Gibbs has revealed. Gibbs has also thrown his support behind OpCapita, the group that bought Game when its future hung in the balance last year. The group has just seen the collapse of electronics chain Comet, but Gibbs is still confident in OpCapita’s ability to keep the game retailer afloat.

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GAME group CEO Martyn Gibbs has said the company is researching the possibility of combining the GAME and Gamestation brands, or possibly doing away with one altogether.

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GAME has named its new CEO as ex-employee Martyn Gibbs after exiting administration late yesterday.

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