By Daniel Hunter
Following the news that Game Group had gone into administration, their administrators, PwC, have announced the closure of 277 stores in the UK.
The closures, which come into play with immediate effect, mean that 2,104 staff members have been made redundant.
PwC confirmed that they had already held talks with several parties interested in buying part, or all of the business.
“Having reviewed the ongoing operational requirements of the business and with the continued difficulties on the high street, unfortunately it has been necessary to close 277 stores throughout the UK and Ireland," a statement from PwC said.
“Unfortunately, this will inevitably lead to a number of job losses and 2,104 store employees will be made redundant this week.”
A further 333 stores will continue to operate as normal whilst PwC continue their hunt for a suitable buyer.
“Our priority is to continue trading the business as normal while we continue to pursue a sale," Mike Jervis, joint administrator and partner at PwC said.
"“The recent job losses are regrettable but will place the company in a stronger position while we explore opportunities to conclude a sale.
“My team and I will be doing all we can to help the affected employees at this difficult time.”
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