Game on: OpCapita buys UK retail business for £1
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.The private investment firm OpCapita yesterday completed the acquisition of Game Group's UK business out of administration, paying a nominal £1 and saving nearly 3,200 jobs.
OpCapita is taking on the beleaguered retailer's 333 UK stores and its debts of £85m. But the turnaround specialist has not acquired any of Game's assets overseas, where it has 663 shops.
Henry Jackson, the managing partner at OpCapita, said: "We strongly believe there is a place on the high street for a video gaming specialist and GAME is the leading brand in a £2.8bn market in the UK." David Hamid, a partner at OpCapita and the former chief executive of Halfords, is the new executive chairman of Game UK.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments