According to PwC’s Meghan Senior, “Someone’s been going around saying that GAME is going into liquidation, but that decision won’t be made until the next creditors meeting.”
PwC is still looking for interested parties to purchase the struggling videogame retail chain. Even if there’s no buyers, Meghan states that there are other options aside from liquidation available to deal with GAME Australia.
However, the tipster claimed that all of GAME Australia’s prospective buyers ”walked away”. In addition, the chain’s current storewide sale has gone from 25% off sale to 40% off.
This was brushed off by Meghan, who said, “I’ve been informed that the 40% sale is simply an attempt to move stock and get customers into the stores, it’s not a closing down sale.”
Stay tuned on this developing story.
