OpCapita

OpCapita headlines

• Game CEO backs OpCapita after Comet collapse, year earnings to hit £20m

  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 […]

• Comet retail chain faces administration: 6,000 potentially at risk

  Comet, the UK electronics chain and game retailer is facing administration later today, according to multiple sources. The brand is owned by OpCapita, the same group that recently bailed out GAME.

• GAME Oxford Street faces closure following court order win for landlord

  GAME’s flagship store on Oxford Street in London could be facing closure after the landlord of the premises won a court order last Friday that could see it evict the retailer and drill the locks unless a £100,000 debt is paid, according to The Telegraph.

• GAME Iberian arm saved by OpCapita-backed venture

  GAME’s stores in the Iberian region – that’s Spain and Portugal – have been saved by an OpCapita-backed investment company known as Cherrilux Investments.

• Stock Market delisting requested by Game

  The GAME Group released  a statement today confirming that it’s asked for its securities to be removed from the stock exchange.

• GAME names new CEO after administration exit

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

• GAME sale confirmed, no more stores will close

  UK retailer GAME has been bought, it’s been confirmed, with Baker Acquisitions, a company advised by Comet owner OpCapita, stepping in to save 333 stores and 3,100 jobs.

• GAME Group shares yo-yo as OpCapita bid unravels

  Following news that the OpCapita buyout may not be happening and reports that this week marks the company’s last stand, shares in GAME Group have crashed – and then rebounded again.

• Rumour - GAME OpCapita buyout hopes crushed by reluctant creditors

  The latest business on dit has creditors reluctant to pony up for OpCapita’s buyout of flailing retail chain GAME.

• Report: Comet owner makes GAME bid, share prices go up

  The Times (via MCV) is reporting that Comet owner OpCapita has tabled an offer to take over GAME.