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HMV sales were hit by weak CD & DVD releases during its Q4 period

HMV expects loss of £16m as sales slide further

- Entertainment retailer HMV has today predicted that its full-year losses will be greater than previously anticipated due to a lack of big music & film releases in its fourth quarter.Reporting its pre-close update the beleaguered business said that...
09:52AM - Fri 4th May 2012
Is OpCapita brave, foolish or merely asset stripping?
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Is there still a place for Game on the high street?

- Private equity firm OpCapita’s acquisition of Game Group saved the retailer from extinction and kept more than 300 of its stores on the UK high street, but for how much longer?The new owner of Game argues that the demand is still there for a high ...
01:46PM - Tue 3rd April 2012
All of the 333 Game & Gamestation stores not already scheduled for closure have been saved as part of this deal with OpCapita

OpCapita buyout saves over 3,000 Game Group jobs

- Video games retailer Game Group has been acquired by private investment firm OpCapita in a deal worth £50 million, it was revealed yesterday.The beleaguered company had entered administration last week after failing to agree renewed terms with its...
09:21AM - Mon 2nd April 2012
With Game Group closing many of its stores, video games products are to become increasingly important to HMV

HMV strengthens gaming team

- Entertainment retailer HMV Group has filled a vacant position in its video games team, it was announced today.Mike Fethers joins the retailer as its new Games Peripherals & Digital Buyer, a position previously occupied by Gavin Howes who left the ...
03:22PM - Wed 28th March 2012
Over 2,000 Game employees will be made redundant this week as 277 stores close (image ©iStockphoto.com/Chris Hepburn)

Game to shut 277 stores at a cost of 2,074 jobs

- Video games retailer Game Group has published a list of 277 of its UK & Ireland stores which will close following its announcement yesterday that it had entered into administration.As many as 2,074 store employees will be made redundant this week ...
10:19AM - Tue 27th March 2012
No announcement on store closures or redundancies has yet been made by Game but one will be expected soon

Game Group formally enters administration

- Failed video games retailer Game Group has announced today that it has officially entered into administration after no deal to save the business could be found.Last week the business, which operates the Game & Gamestation store chains, confirmed t...
12:09PM - Mon 26th March 2012
Game Group will now be hoping that it can find a buyer to save it from liquidation

Game Group to appoint administrators

- Beleaguered video games retailer Game Group has announced today that it intends to appoint an administrator after failing to turn the business around.The company currently employs around 10,000 people across its 1,300 stores worldwide, with more t...
09:21AM - Wed 21st March 2012
HMV may be close to selling off its live music venues

“A number of parties” interested in HMV Live

- Struggling entertainment retailer HMV has confirmed today that several companies have expressed an interest in acquiring its live events business HMV Live.HMV posted total group losses of £50 million in December for the first half of its financial...
11:51AM - Thu 15th March 2012
One of HMV's stores, located in Newcastle, which will be selling Reading & Leeds festival tickets before their official release

HMV offers first Reading & Leeds festival tickets

- Tickets to the Reading & Leeds 2012 music festival will go on sale at selected HMV stores an hour before the official release, it has been confirmed today.HMV is one of the main sponsors of the three day event run by Festival Republic, and 15 of i...
10:09AM - Mon 12th March 2012
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