April 1, 2012 05:42 pm EDT

OpCapita picks up GAME retail chain, plans to keep 333 stores open

The staff of UK video game retailer GAME's remaining 333 stores can breathe a collective sigh of relief today: investment firm OpCapita is buying the chain. "We are pleased to have reached agreement with the Administrator," declared managing partner Henry Jackson, "We strongly believe there is a place on the high street for a video gaming specialist and GAME is a leading brand in the £2.8bn market in the UK." The retailer's UK assets will be transferred to Baker Acquisitions Limited, an OpCapita funded company. The firm stated that it has "no plans for any further store closures," and that it hopes to safeguard the remaining 3,200 jobs the chain still has under its belt.

OpCapita picks up GAME retail chain, plans to keep 333 stores open originally appeared on Engadget on Sun, 01 Apr 2012 13:42:00 EDT. Please see our terms for use of feeds.

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